Tea exports rise 14.8% to 140.28 million kgs in January-August period this year: Data
According to Tea Board data, India's tea exports grew 14.8% to 140.28 million kg (mkgs) in the first eight months of the 2022 calendar year. Tea shipments totalled 122.18 million kg (mkgs) from January- August in 2021.
The data showed that the CIS countries, which include Russia, Ukraine, and Kazakhstan, continued to be the biggest consumers of Indian tea, importing 30.56 mkgs during the first eight months of 2022, an increase from 29.13 mkgs exported to these countries during the same period in 2021.
UAE was the second-largest importer after the CIS nations with imports of tea totalling 23.84 mkgs, up 157% from 9.27 mkgs during the same time in 2021.
Industry experts claim that UAE has the potential to import a significant amount of Indian tea because it favours the conventional kind over CTC.
India exported tea worth Rs. 3,837.28 crore (US$ 470.05 million) in the first eight months of 2022 compared to Rs. 3,353.35 crore (US$ 410.73 million) during the same time last year.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.