What is the price of black tea per kilogram/pound in Singapore today?
The retail price range for Singapore black tea is between US$ 4.04 and US$ 9.43 per kilogram or between US$ 1.83 and US$ 4.27 per pound(lb). Click here to see today's exact prices of black tea in Singapore
The retail price range in Singapore Dollar for black tea is between SGD 5.43 and SGD 12.67 per kilogram or between SGD 2.46 and SGD 5.75 per pound(lb) in Singapore and Bishan.
Wholesale prices
In 2024, the approximate wholesale price range for Singapore black tea is between US$ 2.83 and US$ 6.60 per kilogram or between US$ 1.28 and US$ 2.99 per pound(lb).
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Singapore Black Tea Export Prices - Historical, Trends and Prediction
The export price per kilogram of Black Tea from Singapore over the last five years has seen a steady increase. In 2017, the price was 14.70 US dollars per kilogram, followed by 12.94 US dollars per kilogram in 2018. In 2019, the price rose to 15.80 US dollars per kilogram and further increased to 17.22 US dollars per kilogram in 2020. The highest price was recorded in 2021, at 34.19 US dollars per kilogram. Based on this trend, it is predicted that the export price per kilogram of Black Tea from Singapore in 2023 will be around 37.00 US dollars per kilogram and in 2024, it will be around 40.00 US dollars per kilogram.The exports of black tea from Singapore are categorised as:
- Black fermented tea and partly fermented tea, whether or not flavoured, in immediate packings of <= 3 kg (HS code 090230)
- Black fermented tea and partly fermented tea, whether or not flavoured, in immediate packings of > 3 kg (HS code 090240)
Singapore Black Tea Import Prices - Historical, Trends and Prediction
The import price per kilogram of Black Tea into Singapore has seen a steady increase over the past five years. In 2016, the price was 11.83 US dollars per kg, and by 2021, it had risen to 34.19 US dollars per kg. This represents an increase of 188.3% over the five-year period. The highest price was recorded in 2021, while the lowest was in 2015, at 11.34 US dollars per kg. It is likely that the price of Black Tea will continue to rise in the coming years, and we can predict that the price in 2023 will be around 37.00 US dollars per kg, and in 2024, it will be around 40.00 US dollars per kg.Export values for Singapore black tea
The total values in export for black tea in Singapore were US$ 16,095, US$ 17,083, US$ 16,459 and US$ 14,817 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Singapore: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Yerba mate.
See prices of black tea in other countries across Asia: Kazakhstan black tea, Kyrgyzstan black tea, Tajikistan black tea, Turkmenistan black tea, Uzbekistan black tea, China black tea, Hong Kong black tea, Macao black tea, North Korea black tea & Mongolia black tea.
Singapore black tea - Production, Exports, Imports, Seasons and HS Codes
The amount of black tea exported by Singapore in 2020 was 1,071 tonnes. In 2019 Singapore sold 938 tonnes of black tea. Across 2019 alone, the interest in Singapore black tea (processed category) has shrunk, with a change of -26.258 percent compared to the year 2018. Between 2017 and 2019, black tea's exports decreased by -19.28% bringing Singapore US$14.82m for the year 2019. Singapore's black tea exports are categorised as:
- Black fermented tea and partly fermented tea, whether or not flavoured, in immediate packings of > 3 kg (HS code 090240)
- Black fermented tea and partly fermented tea, whether or not flavoured, in immediate packings of <= 3 kg (HS code 090230)
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Singapore black tea export values
In 2019, Singapore supplied black tea worth 14.82m USD, a contraction of -9.96% from 2018's total black tea export of 16.459m USD. The annual reduction in value of Singapore black tea between 2017 to 2018 was -3.653 pc.
The yearly change in the amount of Singapore's black tea exports between 2017 and 2019 was -19.28 per cent when compared to a variation of -26.258% in the growth rate between 2018 and 2019.
Singapore's stake of the world's total black tea's exports in 2019 was 23.5%. The country is ranked position 2 in world exports of black tea.
Export markets for Singapore black tea ( in '000$ )
Singapore's best performing export markets for black tea are Indonesia, Malaysia, Vietnam, Brunei Darussalam and the Philippines.
Import/Export Trends
Singapore is a net exporter of black tea. The annual growth of Singapore black tea in value between 2015 to 2019 was 181%, per annum, while annual growth in quantity for the same period was 31%, per annum.
Singapore imported 3,174 tonnes of black tea in 2019.