Data from the China Tea Industry Committee, and the US Census Bureau (GATS) was recently published regarding China exports and US imports of tea for August 2024.
CHINA EXPORTS
HIGHLIGHTS INCLUDE
August total export volume INCREASED 16.8% year on year
YTD totals are DOWN 0.4% over last year
Exports of YTD GREEN tea volume INCREASED 2.9% over YTD 2023
Average prices DECREASED 23.5% over the previous August to $3.87/kg
US IMPORTS
HIGHLIGHTS INCLUDE
YTD total imports from CHINA are UP 14.7% over 2023
Average price forimports from CHINA was $3.71/kg, DOWN 26.2% over August 2023
30.4% of YTD GREEN tea import (volume) was from China
YTD imports of GREEN from China are UP 19.0%
53.2% of the month’s US ORGANIC tea import volume was from China (27.7% YTD)
