Data from the China Tea Marketing Agency and the US Census Bureau (GATS) was recently published regarding China exports and US imports of tea for October 2023.
CHINA EXPORTS
HIGHLIGHTS INCLUDE
October total export volume INCREASED 10.7% year on year
YTD total export volume is DOWN 2.2% over 2022
GREEN tea accounted for 85.6% of total export volume
Average prices DECREASED 16.3% over the previous October to $4.64/kg
Exports of GREEN tea volume INCREASED 12.6% over October 2022
Exports of BLACK tea volume REMAINED THE SAME over the same time last year
US IMPORTS
HIGHLIGHTS INCLUDE
Average price for GLOBAL imports was $5.26/kg, UP 34.5% over the previous October
YTD total China imports are DOWN 35.2% over 2022
Average price for CHINA imports was $4.8/kg, UP 13.1% over October 2022
32.8% of all GREEN tea import (volume) was from China, but only 14.9% of VALUE
20.6% of the month’s US ORGANIC tea import volume was from China
