Key Market Indicators
Azerbaijani tea production is predicted to reach 1.3 thousand metric tons by 2026, up from 1 thousand metric tons in 2021. This marks an average growth of 3.8% year-on-year since 2018. Meanwhile, Azerbaijani tea consumption is set to reach 16.7 thousand metric tons by 2026, up from 13 thousand metric tons in 2021. This represents a year-on-year compound annual growth rate (CAGR) of 4.4% since 2017. In 2021, the country ranked 37th in the world, with Yemen overtaking at 13 thousand metric tons. India, Brazil, and Argentina came in at second, third, and fourth respectively.