THE IMPACT OF COVID-19 ON THE INDIAN TEA INDUSTRY



When it comes to the exportation of tea, then the Indian tea industry is the fourth largest exportation industry in the world. India comes at the fourth position in terms of tea exportation around the world, after China, Sri Lanka, and Kenya. The major tea growing regions of India are Assam and Darjeeling in West Bengal. Darjeeling Tea is a world-famous style of tea and it can’t be grown at any other place in the world. India is the fourth largest exporter of Tea and the largest consumer of tea in the world. About three-fourth people of the total population of India consume tea on a daily basis. When it comes to the export partner of India, then Iran is the largest exporter of tea from India.

And as we discussed above, West Bengal and Assam are the biggest producers of tea in India. As we all know, the outbreak of the COVID-19 pandemic has spread to all parts of the world and each country and everyone is suffering from it one way or the other. The economy of the world has been suffering from rapid downfall and recession, due to nationwide lockdown in various countries, sealing of the international border by various countries, and various preventive measures taken by the government of each country. According to the experts of the World Health Organization, the economy of the world will further fall down between thirteen percent to thirty-two percent in the coming few months.

Due to the unpredicted health crisis of COVID-19, the international trading business and the international supply chain have impacted badly. Due to the sealing of international borders by various countries and the falling down of the export-import business of the world, the tea industry of India has really hit hard by the pandemic COVID-19. For the past few years, the tea industry of India has played a major role in the import-export business of India, the high earrings from foreign exchange products, and the growth of the Indian Gross Domestic Product. There are 140 countries in the world to which India exports the various varieties of tea produced in the country. According to one of the studies of import-export data of India, the value of the tea exported by the country was worth Rs. 5,905 crores in the financial year of 2017-2018.

Whereas, if we talk about the financial year of 2018-2019, then the value of the tea exported by the country was worth of Rs. 6,241 crores. Iran and Russia are the biggest export partners of India, in terms of tea exportation and both countries cover about 36% of the total tea exported by India. The other major tea exporting partners of India are Germany, the USA, UAE, the UK, Pakistan, Egypt, and China. However, due to the preventive measures of spreading COVID-19, more than a hundred countries in the world and all the European countries have sealed their international borders. According to the international import-export business experts, due to the border sealing of various developed countries in Europe and the USA, the export business of many developing countries will have to see the worst time of the era.

Eximine Services is an import-export market research company. We provide you the latest updates on the international trading business and the authentic international data of import-export.
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