ENA Sectors 2024-07-18 15:48:38 <p><span style="font-size:14px"><strong>New Delhi, Jul 18 (KNN)</strong> Tea exports from India remained virtually unchanged in 2023, according to recent data released by the Tea Board.</span></p> <p><span style="font-size:14px">The country exported 231.691 million kilograms of tea during the calendar year, compared to 231.08 million kilograms in 2022, representing a marginal increase.</span></p> <p><span style="font-size:14px">The stagnation in exports can be attributed to several factors, including geopolitical tensions and international sanctions.</span></p> <p><span style="font-size:14px">A representative from the Indian Tea Association (ITA) highlighted the significant impact of losing the Iranian market due to payment issues stemming from U.S. sanctions.</span></p> <p><span style="font-size:14px">Tea shipments to Iran plummeted from 54 million kilograms in 2019 to approximately 5.16 million kilograms in 2023.</span></p> <p><span style="font-size:14px">Further compounding the situation, exports to Russia, traditionally the largest buyer among Commonwealth of Independent States (CIS) nations, have been adversely affected by the ongoing conflict with Ukraine.</span></p> <p><span style="font-size:14px">Regional data shows that North Indian tea exports accounted for 141 million kilograms in 2023, while South Indian tea exports reached 90.69 million kilograms during the same period.</span></p> <p><span style="font-size:14px">The tea industry faces ongoing challenges as it navigates complex international trade dynamics and seeks to maintain its position in the global market.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 38647 https://knnindia.co.in/news/newsdetails/sectors/tea-exports-from-india-remain-flat-in-2023-amid-global-challenges 2024-07-18 15:48:38 knnindia.co.in