It is normally prepared by boiling cured leaves with hot water; it consists of substances that have stimulating effects on the brain like theobromine, theophylline, and caffeine. The increased demand for this beverage and its popularity worldwide has induced a variety of its types like Green Tea, Earl Grey, Oolong, and many others. The majority of the top global traders like Kenya, India, China, and Sri Lanka are increasing their tea production rate to get exponential growth in their trade.
The wide consumption of this beverage across the world is related to the roots of different cultures, the trade statistics of the global trade of tea summarizes the total global consumption and production rate. The increased global production rate of this popular beverage has recorded a global consumption of 7.3 million tonnes worldwide with a trade value of 60 billion US dollars. Whereas the Global Tea Customs Shipment Data reports that the overall global production rate of tea has increased by a rate of 5.8% in 2023 worth 73.6 billion US dollars.
Top 10 Importers of Tea 2023
The huge worldwide production of tea has recorded an import global trade value of 46 billion US dollars in 2023. Though top-producing countries like the United States and Russia are more invested in their production, still they need to import a massive amount from global traders to balance the producer and consumer rate. The Global Tea Trade Data enlists the below-mentioned countries as the top importers of this world-famous beverage.
• United States – Total Import Rate of Tea in 2023 – 4 billion US dollars, Total trade share – 30%
• Russia – Total Import Rate of Tea in 2023 –2.8 billion US dollars, Total trade share – 18%
• Pakistan – Total Import Rate of Tea in 2023 – 1.5 billion US dollars, Total trade share – 11%
• Iran – Total Import Rate of Tea in 2023 – 900 million US dollars, Total trade share – 9%
• Germany – Total Import Rate of Tea in 2023 – 800 million US dollars, Total trade share – 7%
• United Kingdom – Total Import Rate of Tea in 2023 – 600 million US dollars, Total trade share – 5%
• Morocco – Total Import Rate of Tea in 2023 – 500 million US dollars, Total trade share – 4%
• Canada – Total Import Rate of Tea in 2023 – 400 million US dollars, Total trade share – 3.8%
• Japan – Total Import Rate of Tea in 2023 – 300 million US dollars, Total trade share – 2%
• Saudi Arabia – Total Import Rate of Tea in 2023 – 220 million US dollars, Total trade share – 2%
Top 10 Exporters of Tea 2023
Due to its popularity most of the traders are focusing more on evolving the tea production sectors by inducing different methods. This major global commodity with its increased trade value contributes to GDP’s of many top global trade leaders. As per the Global Tea Export Import Data, the top 10 exporters of tea with their export trade rates are discussed below,
• China – Total Export Rate of Tea in 2023 – 2.6 billion US dollars, Total Trade Share – 30%
• India – Total Export Rate of Tea in 2023 – 2 billion US dollars, Total Trade Share – 20%
• Kenya – Total Export Rate of Tea in 2023 – 1 billion US dollars, Total Trade Share – 11%
• Sri Lanka – Total Export Rate of Tea in 2023 – 800 million US dollars, Total Trade Share – 9%
• Vietnam – Total Export Rate of Tea in 2023 – 600 million US dollars, Total Trade Share – 8%
• Turkey – Total Export Rate of Tea in 2023 – 500 million US dollars, Total Trade Share – 7%
• Argentina – Total Export Rate of Tea in 2023 – 400 million US dollars, Total Trade Share – 5%
• Japan – Total Export Rate of Tea in 2023 – 300 million US dollars, Total Trade Share – 4%
• Malawi – Total Export Rate of Tea in 2023 – 200 million US dollars, Total Trade Share – 3%
• Rwanda – Total Export Rate of Tea in 2023 – 100 million US dollars, Total Trade Share – 2%
Top Leading Producers of Tea
Different companies across the globe are investing more in the production of tea to cater to economic growth. The top companies of the world are emerging as global traders of tea with higher values of exports and imports. The Global Tea Customs Data lists the below-mentioned companies as the top-producing companies in the world.
• China Tea CO., Ltd – Based in China; Total tea production value of 2023 – 20 billion US dollars.
• Unilever – Based in London; Total tea production value of 2023 – 15 billion US dollars.
• Tata Global Beverages – Based in India; Total tea production value of 2023 – 10 billion US dollars.
• Barry’s Tea – Based in Ireland; Total tea production value of 2023 – 7 billion US dollars.
• Dilmah Ceylon Tea Company PLC – Based in Sri Lanka; Total tea production value of 2023 – 6 billion US dollars.
• Twinning’s – Based in London; Total tea production value of 2023 – 5.7 billion US dollars.
• Bettys and Taylors Group – Based in the United Kingdom; Total tea production value of 2023 – 4 billion US dollars.
• Bigelow Tea Company – Based in the United States; Total tea production value of 2023 – 3.8 billion US dollars.
• Akbar Brothers Ltd – Based in Sri Lanka; Total tea production value of 2023 – 2.5 billion US dollars.
• Mighty Leaf Tea Company – Based in California; Total tea production value of 2023 – 1.8 billion US dollars.
FAQ’s
Que. What is the total global consumption of tea in 2023? Ans. The increased consumption rate of tea in 2023 is 7.3 million tonnes.
Que. Who is the top tea exporter of 2023? Ans. China with an export rate of 2.6 billion become the top tea exporter in 2023.
Que. Name the top tea-producing company. Ans. The top tea-producing company of 2023 is China Tea CO., Ltd.
Que. Where can you get the global trade statistics of tea exports and imports in 2023? Ans. At Import Globals, you can get the global trade statistics of tea exports and imports in 2023.