Competition, climatic changes, worker wages threat global tea industry: CCC study

9 July 2015 06:30 pm Views - 1034

Competition from other beverages, climatic changes and worker wages are seen as key issues the global tea industry is facing, including Sri Lanka – which is one of the largest exporters of tea in the world, finds a new study compiled by the Ceylon Chamber of Commerce (CCC).

The study points out that the tea industry will have to fight it out to sustain or grow its share with strong competition coming in from other ‘beverage’ producers, while the climatic changes will also cause issues to the industry, as the ‘tea plant is very delicate to the changes in temperature and rainfall’ and also worker movement out of the industry seeking for better wages.

The latest study conducted by the Business Information Division of the Ceylon Chamber of Commerce is titled as ‘The Tea Sector Statistical Analysis 2014’. The study includes an ‘Industry overview,’ ‘Brief on industry challenges’, ‘Leading destinations for trading tea’, ‘Local tea industry overview’, ‘Leading export destinations of Sri Lanka’ and ‘Growth rates of tea export products’, etc.

It also contains information about the competitors of the Sri Lankan tea industry, product wise HS code descriptions among many others information.
Tea Sector Statistical Analysis is an ideal tool to identify market trends and the performance of the tea industry over the years in addition to a tool to identify potential niche markets to entre in future.