Question
Which of the following factors significantly impacted
India's tea exports in 2023?Solution
India's tea exports in 2023 remained stagnant at 231.691 million kilograms, similar to 2022. A significant factor contributing to this stagnation was the loss of the Iran market due to US sanctions. This caused a sharp decline in Iran's imports of Indian tea from 54 million kilograms in 2019 to just 5.16 million kilograms in 2023. This loss severely impacted India's overall tea offtake, despite other factors such as exports to Russia being affected amid its conflict with Ukraine.
Question figure
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