January Tea Report: 2024 China Exports & US Imports

Data from the US Census Bureau (GATS) was recently published regarding US imports of tea for January 2024. China tea export statistics are often combined for January- February due to the Chinese New Year holiday. The release of that data is still pending as of writing.

US IMPORTS

HIGHLIGHTS INCLUDE

• Average price for GLOBAL imports was $5.17/kg, UP 8.3% over the previous January
• Average price for CHINA imports was $5.40/kg, UP 21.7% over January 2023
• 35.1% of all GREEN tea import (volume) was from China, but only 17.2% of VALUE
• 27.0% of the month’s US ORGANIC tea import volume was from China