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 September 2023.
CHINA EXPORTS
HIGHLIGHTS INCLUDE
September total export volume REMAINED STEADY year on year
YTD total export volume is DOWN 3.6% over 2022
GREEN tea accounted for 85% of total export volume
Average prices DECREASED 20.2% over the previous September to $4.57/kg
Exports of GREEN tea volume INCREASED 4% over September 2022
Exports of BLACK tea volume DECREASED 39% over the same time last year
US IMPORTS
HIGHLIGHTS INCLUDE
Average price for GLOBAL imports was $5.46/kg, UP 39.8% over the previous September
YTD total China imports are DOWN 36.7% over 2022
Average price for CHINA imports was $5.78/kg, UP 14.3% over September 2022
29.1% of all GREEN tea import (volume) was from China, but only 15.9% of VALUE
36.1% of the month’s US ORGANIC tea import volume was from China
