Data from the China Tea Marketing Association and the US Census Bureau (GATS) was recently published regarding China exports and US imports of tea for March 2023.
CHINA EXPORTS
HIGHLIGHTS INCLUDE
March total export volume INCREASED 20.9% year on year
GREEN tea accounted for 86.4% of total export volume
Average prices DECREASED 7.6% over the previous March to $5.00/kg
Exports of GREEN tea volume INCREASED 23.8% over March 2022
Exports of BLACK tea volume DECREASED 10% over the same time last year
US IMPORTS
HIGHLIGHTS INCLUDE
Average price for GLOBAL imports was $5.11/kg, UP 3.0% over the previous March
Average price for CHINA imports was $4.37/kg, DOWN 15.7% over March 2022
29.6% of all GREEN tea import (volume) was from China, but only 13.7% of VALUE
41.1% of the month’s US ORGANIC tea import volume was from China
