Sri Lanka achieves record tea exports
Sri Lanka Customs data analysed by Siyaka Research confirms that Sri
Lanka exported a record 327.8 million kilograms in 2014 up three percent
compared to the 2013 figure of 319.6 million kg. The previous record was
322.5 million kg shipped in 2011. The value of tea exports was the
highest ever at $ 1.64 billion up on the 2013 record of $ 1.55 billion.
Following the stabilisation of the Rupee-US Dollar exchange rate in
2014, the value of tea exports was Rs. 212.9 billion against Rs. 199.4
billion in 2013. This is a Year-on-Year (YoY) gain of four percent of
value on a +3% gain on quantity. Bulk tea exports (127 million
kilograms) declined to 39% of total exports, compared with the 2013
figure of 129 million kg, which ws 41% of total exports. In the value
added segment, tea in packets (164 million kg) rose to 50% of exports
from 156 million kg (49%) in 2013. Tea bags also improved YoY from 25
million kg (8%) to 28 million kg (9%) in 2014. Total value added
exports, however, including green tea and instant tea was the highest
ever at 61% of exports and had improved on the 2013 performance of 59%.
Middle East and North Africa continue as the dominant region for
Ceylon Tea exports with the absorption of 57% of tea shipments.
Russia and CIS absorbed 21% of exports, down from 22% in 2013. Turkey
as a bridge between these two blocks has grown as an important regional
hub. Exports to that country are at the highest ever, 44.7million kg, up
39% on last year’s figure of 32.9 million kg.
In 2014, 14% of exports went to or through Turkey. The other regional
hub, the UAE has also maintained its position having absorbed 19.8
million kg (+10), against 18 million kg the previous year.
Countries such as Angola, Cote d'Ivoire, Nigeria, Congo, Sierra Leone
and others have absorbed more than six million kg of Ceylon Tea in tea
bag form. They account for 21% of Sri Lanka’s total tea bag exports,
which was 28.7 million kg in 2014. Russia and CIS (67.9 million kg)
continues as a prime region with absorption of 21% of all exports.
Russia, the prime terminal market received direct imports of 44.1
Turkey, however, though largely a hub market, imported 44.7 million
kg and absorbed 14% of exports. Iran followed, with quantities sharply
down from 39.6 million kg in 2013 to 30.1 million kg in 2014. Iraqi
imports have grown from 22.5 million kg to 24.8 million kg. UAE imports
increased from 18 million kg to 19 million kg. With all its problems,
12.9 million kg of tea was exported to Syria compared to 21 million kg
in 2013, a drop of 36%. Libya followed with imports almost doubling from
6.6 million kg to 12.6 million kg. Kuwait, however, was sharply lower at
16.1 million last year. Exports to Japan was steady at 9.1 million kg.