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The United Arab Emirates (UAE) is the second largest importer Tea According to the latest published data, taking India after the Commonwealth of Independent States (CIS) as a block Tea board.
From January to September 2022, United Arab Emirates Import 28.58 million kg Tea From India, a 159% increase over the same nine-month period in 2021.
The CIS countries imported 38.06 million kg in the same period in 2022, up from 33.34 million kg in the same period in 2021.
Tea industry sources said exporters were looking for other avenues as shipments to Iraq, the erstwhile major importer, were reduced to zero due to payment issues.
“It’s good to see United Arab Emirates Indian tea is now being imported heavily. This bodes well for exporters, as it is a major consumer of high-quality orthodox varieties,” says an exporter.
Apart from Iraq, exports to Iran, another major buyer, have also been affected due to economic sanctions imposed by the US and Iranian importers not picking up their shipments due to failure to issue invoices to Indian exporters.
Exports to the Commonwealth of Independent States have also struggled due to logistical problems affecting the armed conflict between Russia and Ukraine, exporters said.
In the nine months from January to September 2022, India’s total tea exports will be 165.58 million kilograms, which is higher than the 142.55 million kilograms in the same period in 2021.
The Indian Tea Association (ITA), the growers’ peak body, forecasts that India’s tea exports will reach 230 million kilograms by 2022, compared with 196 million kilograms in 2021.
The tea industry is also eyeing the Chinese market to increase exports as China is the country with the highest consumption of tea.
(Only the title and image of this report may have been modified by Business Standard staff; the rest was automatically generated from a syndicated feed.)
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