Delayed pickup of the local tea industry has resulted in the nation losing its position to India as the largest tea exporter to the Russian Federation. Analysts opine it is likely the latter will hold this stance, replacing Sri Lanka.
Analysis of January- June cumulative import figures of Russia for 2015 show India has exported approximately 20,000 metric tonnes of tea to that country, 3,926 metric tonnes more than what Sri Lanka has exported in the first six months.
India accounted for 26.59 percent of Russia’s total tea imports, while Sri Lanka accounted for 21.37 percent, a 5.84 percent drop in volume exported in the same period the previous year.
In the corresponding period in 2014, Sri Lanka took the lead in this regard having exported 21, 500 metric tonnes. India followed closely with 18,840 metric tonnes.
Kenya, just as the previous year, continues to remain the third largest tea exporter to Russia with 12,000 metric tonnes exported within the first six months of 2015.
Local industry experts note that the sharp drop in the Russian ruble against the US dollar has impacted the purchasing power of Russia.
This has resulted in the country moving away from purchasing Ceylon Tea as it is considered expensive compared to teas from other regions.