Understanding Tea

Cyprus’s Tea Trade: Export Trends, Import Dynamics, and Tariff Insights

Cyprus, a Mediterranean island known for its cultural heritage, also plays a role in the global tea trade.

Tea Imports Exports

Tea Exports from Cyprus

In 2021, Cyprus exported tea valued at $162,000, positioning itself as the 109th largest tea exporter globally. Among Cyprus’s range of exported goods, tea ranked as the 519th most exported product during the same year. The primary destinations for Cyprus’s tea exports included Greece, accounting for $142,000, followed by Germany at $6,430, the United Kingdom at $4,520, Poland at $2,160, and Gambia at $2,010.

Emerging Export Markets

Cyprus experienced notable growth in tea exports between 2020 and 2021, particularly in emerging markets. The fastest-growing export markets for Cyprus’s tea during this period were Greece, witnessing a significant increase of $66,600, followed by Germany at $5,910 and the United Kingdom at $4,430. These figures highlight Cyprus’s expanding presence and growing demand for its tea in these emerging markets.

ContinentCountryTrade Value
AfricaGambia2,012
AsiaSouth Korea15
EuropeSwitzerland204
EuropeCzechia28
EuropeGermany6,426
EuropeSpain21
EuropeFrance53
EuropeUnited Kingdom4,524
EuropeGreece142,482
EuropeMalta1,546
EuropeNetherlands1,895
EuropeNorway257
EuropePoland2,157
EuropeRomania121
EuropeSlovakia30
Table: Where Does Cyprus Export Its Tea (2021)

Tea Imports into Cyprus

In 2021, Cyprus imported tea valued at $4.44 million, placing it as the 102nd largest tea importer globally. Tea ranked as the 368th most imported product in Cyprus during the same year. Cyprus’s primary sources of tea imports included Turkey at $1.15 million, Germany at $808,000, Greece at $603,000, the United Kingdom at $392,000, and Sri Lanka at $388,000.

Emerging Import Markets

Cyprus’s tea imports experienced significant growth between 2020 and 2021, reflecting diversification in tea sources. The fastest-growing import markets for tea in Cyprus during this period were Germany, witnessing an increase of $411,000, followed by Greece at $249,000 and Sri Lanka at $86,000. These figures illustrate Cyprus’s increasing reliance on these emerging tea import markets.

Tariff Analysis

In 2019, the average tariff for tea in Cyprus stood at a mere 0.3%. Among the countries imposing the highest import tariffs on tea in Cyprus were the Republic of the Congo, Algeria, Western Sahara, Gabon, and Libya, all applying a Most Favoured Nation duty rate treatment of 0.8%. These tariff policies have minimal impact on the cost dynamics of tea trade in Cyprus.

ContinentCountryTrade Value
AfricaCameroon25
AfricaEgypt14,709
AfricaGhana114
AfricaKenya22,995
AfricaMorocco201
AfricaMozambique3,366
AfricaNigeria792
AfricaSierra Leone5,595
AfricaSouth Africa6,314
AsiaUnited Arab Emirates314,905
AsiaBangladesh11,618
AsiaChina7,697
AsiaHong Kong1,465
AsiaIndia45,251
AsiaIsrael9,935
AsiaJordan1,165
AsiaJapan26,722
AsiaLebanon33,490
AsiaSri Lanka388,496
AsiaPhilippines1,720
AsiaSingapore6,341
AsiaSyria59
AsiaTurkey1,145,158
AsiaVietnam21,469
AsiaChinese Taipei9,172
EuropeAustria29,617
EuropeBelgium3,762
EuropeBulgaria5,169
EuropeCzechia744
EuropeGermany807,929
EuropeDenmark3,104
EuropeSpain719
EuropeFrance42,824
EuropeUnited Kingdom391,955
EuropeGreece602,609
EuropeHungary678
EuropeIreland43,760
EuropeItaly16,335
EuropeLithuania3,903
EuropeLatvia29,641
EuropeNetherlands246,657
EuropePoland71,602
EuropePortugal21,802
EuropeRomania7,755
EuropeRussia16,239
EuropeSerbia57
EuropeSlovakia19
EuropeSlovenia3,618
EuropeSweden2,738
EuropeUkraine2,105
North AmericaCanada138
North AmericaUnited States1,359
OceaniaAustralia1,050
South AmericaArgentina32
South AmericaBrazil3,270
Table: Where Does Cyprus Import Its Tea (2021)

Vietnam Tea: A Popular and Reliable Choice for Cyprus’s Imports

Vietnam tea has consistently been a popular and trustworthy choice for Cyprus, thanks to its premium quality and competitive pricing. In 2021, Cyprus imported tea from Vietnam with a total value of $21,469, marking a 3% increase compared to the previous year. Vietnam holds a significant position as an important supplier of tea to Cyprus, catering to its tea requirements effectively.

Conclusion

Although Cyprus’s role in the global tea trade is modest, its exports to Greece, Germany, and the United Kingdom demonstrate its contribution to the tea market. Meanwhile, Cyprus’s tea imports from Turkey, Germany, and Greece highlight its reliance on neighboring countries for diverse tea sources. The minimal tariffs on tea imports in Cyprus provide favorable conditions for trade. As Cyprus’s tea industry evolves, nurturing existing trade relationships and exploring emerging markets will be key to seizing new opportunities. Monitoring tariff policies and fostering collaborations will contribute to the long-term growth and sustainability of Cyprus’s tea trade, enriching its position in the global market.

Data: BACI

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