Tea exports increase in September

Tea exports for the month of September 2023 totalled 23.16 M/Kgs, showing an increase of 1.62 M/Kgs vis-à-vis 21.54 M/Kgs of September 2022. Majority of the product categories except for Bulk Tea and Instant Tea have witnessed an increase against the corresponding period in 2022.

January-September FOB values were up by Rs. 256.96 to Rs. 1,784.67 YoY. Negative variances were recorded in most categories except for instant tea and green tea categories in USD terms. Despite the Middle East tension Iraq has emerged as the No. 1 major importer of ‘Ceylon Tea’ with a total of 25.83 M/Kgs from January-September 2023.

Türkiye has secured second position with 23.50 M/Kgs, an increase of 54.13% vis-à-vis 10.78 M/Kgs imported last year, the Forbes & Walker (Pvt) Ltd report said. Russia has maintained its position at third place with 17.47 M/Kgs followed by U.A.E. with 13.19 M/Kgs, which has witnessed a decline of 21% YoY. China has secured the fifth position with a marginal increase in imports by 4.2% YoY. Other notable importers are, namely, Syria, Azerbaijan, Saudi Arabia, Chile and Germany.

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