Tea market in sri lanka

Tea market in sri lanka. It contributes about 13 percent to the total export earnings of the country and is the highest net foreign exchange generator. The year 2017 marked 150 years ago from the date that James Taylor began the first tea plantation of Sri Lanka in Loolecondera Estate in Kandy. 48% from last month and 65. Mar 5, 2022 · The entire global market for organic tea, for example, accounts for only about 0. 34 million/kgs in comparison to 278. 51% per annum for the period 2019-2024. The industry provides employment opportunities for people across different skill levels, from tea pickers to tea tasters, and plays a significant role in the country’s economy. The Tea Exporters Association was incorporated to promote and protect the common interests of members who are engaged in tea exports. The overall potential damage to Sri Lanka’s tea industry has forced buyers to look elsewhere, to remove risk from their businesses and move away from problem areas, despite a preference for Ceylon tea. One of the top 5 tea producing countries in the world, Sri Lanka satisfy over 11% of the global demand for tea and is one of the largest exporters of handpicked orthodox tea to the global market. Jan 13, 2022 · One of the rating agencies further downgraded Sri Lanka at the end of 2021, although the move was refuted by the Central Bank of Sri Lanka. By 1965, the country became the world’s largest tea exporter for the first time and continuing its legend even today among many ups and downs in the industry. second largest foreign exchange earner and employs millions. Diversification of Tea Varieties: Over time, Ceylon Tea production expanded to include different tea varieties, including black, green, white, and oolong. Introduced by the British, the tea industry blossomed in the fertile hillsides of Sri Lanka. 22% from one year ago. Jan 4, 2006 · Sri Lankan tea ranks the best among world teas and over the 138 year of tea industry in Sri Lanka, it faced many challenges and the Tea Research Institute (TRI) played a pivotal role in developing . The cultivation and selling The tea industry in Sri Lanka has played an important role in terms of its contribution to the national output, employment and net foreign exchange earnings from its inception in 1867. These are, Low grown teas which are teas grown on an elevation between sea level to 600m, Mid Grown teas which are from 600m to 1,200m and High grown teas which are grown at an elevation above 1,200m. 4. A new generation of Ceylon tea growers recently established an artisan tea collective to showcase exceptional teas produced to interest a niche domestic market and equally, the international market. Since our inception, we have ascended to great heights in the Ceylon Tea industry as a premium service provider specializing in tea broking and marketing superior quality tea from factories representing all elevations, such as Uva High, Uva Medium, Western High, Western Established in 1976 as a fully government-owned statutory institution by an Act of Parliament, the Sri Lanka Tea Board (SLTB) comprises representatives from both private and government bodies involved in the industry, including cultivators and manufacturers, traders, exporters and plantation employees. Tea in Bulk and Packeted Tea show negative variances, whilst Tea Bags have recorded a marginal gain in comparison with the corresponding month of the Welcome to the official website of the Sri Lanka Tea Board - the apex regulatory and administrative body of the Sri Lankan Tea Industry. 13 in 2024 (Hilal, 2020) and the other hand competitiveness of the Sri Lanka's tea is declining in the global market (Gamage and The Tea market in Sri Lanka is projected to grow by 8. Sep 25, 2020 · Tea industry in Sri Lanka has been identified as highly vulnerable to climate change. 72 million USD (in retail prices), thus increasing at a CAGR of 6. Dependence on the tea sector has become even more critical during the COVID-19 pandemic when Like many tea markets, Sri Lanka is susceptible to market volatility. In 2004tea accounted for 13 percent of Sri Lanka’s merchandise exports and earned May 26, 2022 · However, their responses to these institutional pressures remain largely unexplored, particularly in sectors such as tea. 25 (+Rs. Export: Sri Lanka is one of the world’s largest tea exporters, with a reputation for consistently high-quality teas. | Sri Lanka is currently reviewing the entire length of the country’s tea value chain seeking to restore profitability with environmental sustainability, according to Sri Lanka Tea Board Chairman Jayampathy Molligoda. The key policy implications that are deriv ed from. Jun 13, 2022 · As the tea industry in Sri Lanka grew, so did the infrastructure surrounding it. Sep 27, 2020 · Tea plantation industry plays an important role in the Sri Lankan economy in terms of gross domestic production (GDP) and tourism contexts connecting to an international market. Most of Sri Lanka's tea is grown by smaller farmers, like Rohan Tilak Gurusinghe, who owns two Apr 9, 2018 · Almost 5% of the population of Sri Lanka work in the billion-dollar tea industry, picking leaves on the mountain slopes and processing the tea in plantation factories. Sep 24, 2022 · In addition to the increase in cost, another major challenge faced by the tea industry in Sri Lanka is the falling tea prices in the world market. 04] /Contents 4 Like many tea markets, Sri Lanka is susceptible to market volatility. 32 billion Jan 24, 2024 · Welcome to the Tea Tailors market analysis for the Sri Lankan tea industry in 2023! Delving into the latest data, this article explores key trends, export dynamics, and emerging opportunities within the flourishing tea market. 35 million Kgs, showing a negative variance of 1. Tea Industry Overview - 2023. To work in close co-operation with other stakeholders towards the sustainability of Sri Lanka tea industry and enhancing tea export volume & revenue. Tea production is one of the main sources of foreign exchange for Sri Lanka, and accounts for 2% of GDP, contributing over US$1. 5% in 2000 to 6% in 2016, and its share in the export volume of 1. Feb 4, 2022 · Although primarily known for its large-scale black tea production, some small but artistic and creative tea-making has emerged in Sri Lanka in recent years. Forbes & Walker was set up in 1881 as a partnership between James Forbes and Chapmen Walker. 411 billion. This study aims to identify the institutional factors influencing corporate biodiversity management in Sri Lankan tea plantation companies and how such influences are translated into organizational practices. Sri Lanka is an island made for tea. The activities of the Sri Lanka Tea Cluster, which evolved from the Colombo Tea Traders’ Association’s Sub-committee on Competitiveness, were facilitated by The Competitiveness Initiative, a project funded by the United States Agency for International Development and May 19, 2018 · Sri Lanka’s share in world tea production, they point out, has dropped from 10. Sri Lanka’s tea production alone is larger than the entire global organic tea Probably the best-known of Sri Lanka’s tea-growing districts, Nuwara Eliya is also the most rugged and mountainous, with the highest average elevation. The upcountry railway system built by the British to transport tea to the establishment of the Tea Research Institute in 1925 were pivotal points in the growth of the Ceylon tea industry. Aug 1, 2017 · The tea industry in Sri Lanka is the. 1The importance of the tea industry to Sri Lanka The Sri Lankan tea industry is of paramount importance to the country’s economy. Jul 19, 2022 · Leaves from the lush green tea estates covering the hills of central Sri Lanka end up in cups across the world. WEEKLY TEA MARKET REPORT - SALE NO: 33 - 20TH/ 21ST AUGUST 2024. 26 billion, a short fall of USD 65. Tel: +94 11 4607777 Fax : +94 11 4607788 general@ceylonteabrokers. 7 million compared to USD 1. 15,29 Furthermore, there is potential to develop demand for VSS-compliant tea over the next decade in the fastest-growing conventional tea markets, which are projected to be in East Africa: Jun 23, 2023 · Sri Lanka is set to start bartering tea to Iran next month in lieu of $250 million owed for oil, a Sri Lankan official told Reuters on Friday, as the crisis-hit country tries to lift sales to a Feb 4, 2022 · Eighteen months on, Sri Lanka is selling as much tea as ever, and the industry is looking towards a more profitable and sustainable future. Feb 18, 2024 · The Tea Industry in Sri Lanka Jan 14, 2024 Sri Lanka Tourism: A Journey Through Paradise Sep 5, 2023 Business analytics (BA) Jul 31, 2023 Individual Social Responsibility (ISR) However, for the terms like, Kenya Tea or Sri Lanka tea, search has been confined to the producer countries, it self. The tea must be exclusively packed in Sri Lanka. , 2020). 31% (2024-2029) resulting in a market volume of US$0. About F&W. Enter Sri Lanka's freshest online grocery store for all your grocery needs- fresh to frozen and everything in between! Now, you can order ALL your daily necessities from the comfort of your home or anywhere you want! Choose from same-day, next-day & saver to ensure you get what you need when you need it. Enjoy free shipping on all your favourite teas. %PDF-1. The air is cool and bracing; the winds are scented with eucalyptus and wild mint. Sep 27, 2023 · One of the primary impediments has been a lack of funding which has stopped the tea sector from properly implementing new technology. Rainfall is moderate except during the dry season, which falls between February and April. 0416 last month and up from 0. A special, independent panel of tea tasters, sponsored by the Sri Lanka Tea Board, is responsible, together with an analytical laboratory, for assessing the quality Jul 21, 2022 · Sri Lanka produces around 300 million kilograms of tea annually and is predominantly an orthodox tea producer. Buy pure Ceylon tea online exclusively from Dilmah. Well-made teas met with less demand and consequently, witnessed a decline in prices. Jan 27, 2022 · The Sri Lankan tea industry for the period January-December 2021 shows an increase in production and exports whilst recording a decline in national average when compared to the same period in 2020. Our commitment to quality has made us a global leader in the tea industry, with our products being distributed in over 45 countries world wide. Jun 16, 2021 · Tea was first introduced to Sri Lanka by the British in the 1820s and commercialized in 1867. significantly as a result (ITC 2014). Tea is the island's biggest export, normally bringing in more than $1bn a year, but Jul 6, 2023 · Furthermore, soon after the ban was lifted, the price of imported fertilisers surged 20 to 30 times due to the Russia-Ukraine war, followed by the drastic depreciation of the SLR in the foreign exchange market. Tea was first grown in Sri Lanka by the British, who introduced the plant to the country in the 1820s. 49 million/kgs). If Mar 26, 2020 · Output in the two largest tea-exporting countries, Kenya and Sri Lanka, reached 0. The industry has undergone a number of changes over the last 150 years. (Photo: Tea Research Institute of Sri Lanka) The Society purchased tea estates in both India and Ceylon to ensure a supply for their market. Indeed, Sri Lanka is the largest supplier of orthodox teas, exporting more than 95% Tourists and export markets alike have access to famous unorthodox variants and health beverages from Sri Lanka such as green tea, instant tea, bio tea and flavoured tea. such as China, India, Indonesia and Sri Lanka, with the growing middle classes developing a taste for specialty and more sustainable tea. Sri Lanka’s Dominance: Sri Lanka is one of the largest tea producers globally and has earned a reputation for producing high-quality Ceylon tea. Nights are cold and 3 days ago · Sri Lanka - Tea, Rubber, Tourism: Sri Lanka’s mineral-extraction industries include mining of gemstones and graphite; excavation of beach sands containing ilmenite and monazite; and quarrying kaolin, apatite, quartz sand, clay, and salt. Jan 17, 2020 · This research note concluded that the liberalization of orthodox tea imports would not solve the central problem facing the tea industry in Sri Lanka (low prices resulting from limited global demand vis-à-vis high supply of Sri Lankan-grown tea), but that it would be likely to provide some benefits and very unlikely to cause the harm to two years of analysis among members of Sri Lanka’s tea industry. Currently, Sri Lanka exports green tea to more than 40 Nov 22, 2023 · Sri Lanka, formerly known as Ceylon, holds a prominent position in the global tea market, and its tea industry has a significant impact on the international tea trade. Buy Now. 2% of the gross domestic product (GDP) and contributed 13% to the total export earnings amounting to US$ 1,020 in 2012. 0410, down from 0. They realized that the tropical climate and rainfall patterns were perfect for tea cultivation, and hence, the tea industry in Sri Lanka was born. The TRI has always been the driving force behind the numerous successes achieved towards development of the Sri Lankan tea industry Mar 9, 2020 · Revenue was flat, and tea production in 2019 returned to 2016 levels, and all but three of Sri Lanka’s 17 public tea estates reported losses. Introduced in 1867, Ceylon Tea has grown to be the top agriculture export in Sri Lanka and provides direct and indirect employment to nearly 1 million people while around 4% of the country’s land area is covered in tea plantations amounting to nearly 203000 hectares. Sri Lanka’s tea export revenue for 2022 was a record Rs. The Tea Research Institute (TRI), since its inception in 1925, has been the only national body in Sri Lanka for generating and disseminating new technologies related to tea cultivation and processing. Tea was big business! History of Tea in Sri Lanka. This is a change of -1. Oct 1, 2017 · In 2015 tea exports were 323 million kg and the total turnover of the tea industry was around US $ 1. 79 million Kgs from the previous week's 5. The FOB average price per kilo for this period stood at Rs. An indelible chronicle of the rich and captivating history of Ceylon Tea that celebrates its 150th Anniversary in 2017 A timeline of Sri Lanka’s plantation REVIEW OF TEA INDUSTRY IN SRI LANKA FOR CLIMATE ANALYSIS 2 INTRODUCTION Tea, Camellia sinensis (L) O. All tea varieties come from the Camelia sinensis plant, which produces five different types of tea—black, green, white, oolong, and dark teas—depending on the degree of oxidation. Jul 30, 2022 · Tea is the most important agribusiness in Sri Lanka, which accounted for 1. Sri Lanka is the world's fourth-largest producer of tea. At present, it provides the livelihood for approximately a 10% of the population of Sri Lanka, in addition to May 23, 2015 · share in the UK tea market aggressively and Sri Lanka and India lost its m arket share . Sri Lanka, formerly known as Ceylon, has a tea legacy that dates back to the 19th century. Revenue of the tea market worldwide by country in 2023 (in million U. F : +94112581096. Jan 26, 2022 · Iraq, Turkey and Russia continued with strong demand for Sri Lankan tea and were the top three importers for the period January to December 2021. A. 30 million tonnes respectively in 2018, with Kenya displaying an increase of 57 percent since 2009, whilst Sri Lanka’s tea output, hampered by bad weather conditions and restrictive government rulings, shows growth of only five percent May 4, 2022 · The tea industry in Sri Lanka plays a vital role in the economy with its direct and indirect contribution to the gross domestic products, employment, and foreign exchange earnings. E. 96% (2024-2028) resulting in a market volume of US$293. Today, the only remaining commodity tax on tea is the tea cess, a levy that producers pay for the government’s financing of beneficial activities for the industry; research and development, tea promotion and subsidies. Oct 15, 2020 · Sri Lanka celebrates diversity in tea. 5 %µµµµ 1 0 obj >>> endobj 2 0 obj > endobj 3 0 obj >/Font >/XObject >/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 595. Auction offerings increased marginally to 5. [1] It employs, directly or indirectly, over 1 million people, and in 1995 directly employed 215,338 on tea plantations and estates. Similar issues are observed in the spice sector along with substandard cultivation methods. . Represented by the Lion logo and the ‘Ceylon Tea’ trademarks assuring that it’s a quality product of Sri Lanka, Ceylon Tea is exclusively handpicked by expert tea pluckers and is mostly produced through orthodox and artisanal methods. 4m in 2028. 56 842. Tea Industry Overview (Jan-Dec) 2023 Colombo 02, Sri Lanka. Apr 9, 2018 · Almost 5% of the population of Sri Lanka work in the billion-dollar tea industry, picking leaves on the mountain slopes and processing the tea in plantation factories. Among them, gem mining is the most important, producing high-value gemstones such as sapphire, ruby, and topaz, in addition to a variety of semiprecious Our Story. Sri Lanka tea exports for the period January-December 2020 amounted to 265. Sri Lanka’s tea industry has also made significant strides in sustainability, with many plantations adopting eco-friendly practices such as reducing water usage and using renewable energy sources. . Founded in 1963, Ceylon Tea Brokers is the first stand-alone Tea Broking Company to be listed on the Colombo Stock Exchange. 70 (Highest Ever) in contrast to Rs. 866. In 1995, it was the world's leading exporter of tea (rather than producer), with 23% of the total world export, and Sri Lanka ranked second on tea export earnings in 2020 [2] after China. Tea Exports for the month of July 2024 totalled 21. The country had to also face a resurgent third and fourth wave of COVID in Q2 and Q3 of the year before the success of the vaccination drive enabled the country to fully function in Q4 of the year. 90 million USD (calculated in retail prices) in 2014. This led to Sri Lanka becoming the world’s largest tea exporter by 1965. Overseas packers, importers and distributors cannot use the Lion logo on their packaging, even if the contents are 100% Sri Lankan. Aug 29, 2024 · The history of tea cultivation in Sri Lanka dates back to the early 19th century. Each variety possesses its own unique flavors and characteristics, providing a diverse range of options for tea enthusiasts. Under this movement, the Ceylon Artisanal Tea Association (CATA) was formed by seven founding members in early 2020, and was officially recognised by the Sri Lanka Tea Board (SLTB) in July Feb 11, 2015 · Sri Lanka's tea industry started with one camellia sinesis plant brought from China in 1824 by the British. 45) when compared to year 2019. 1% of Sri Lanka's GDP in 2022. These declining prices are also attributable to the low THE IMPORTANCE OF ORIGIN. 5 billion export industry -- the world's second biggest by Jul 19, 2022 · Tea is the island's biggest export, but the industry is being hard hit by the economic crisis. 57 MKgs vis-à-vis 292. With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. Aug 28, 2024 · The tea industry in Sri Lanka employs a significant portion of the country’s workforce, with around 1 million people working in the tea industry. This volatility affects the tea industry and the whole economy, as tea is a significant foreign exchange source and comprises two per cent of the nation’s GDP. 41 million Kgs vis-à-vis 22. Dependence on the tea sector has become even more critical during the COVID-19 pandemic when The Tea Exporters Association was incorporated to promote and protect the common interests of members who are engaged in tea exports. 44. 77 million Kgs of July 2023. Several past studies [2, 3] conducted to address sustainability issues in the Sri Lankan tea industry elaborate that in the worldwide market, the Sri Lankan tea sector has lost its market-leading position. There has been ambiguity among the stakeholders about the road map to Mar 31, 2024 · Colombo Tea Price is at a current level of 0. 822. Smallholders are the key contributors in the Sri Lankan tea industry, which brings much needed foreign income to the county. Today, the country stands proudly as one of the top tea producers globally. 66 MKgs recorded for the same period last year (-27. Despite Sri Lanka’s adoption of other varieties of Ceylon Black Tea continues to be country’s speciality. Dec 14, 2023 · This marked the beginning of large-scale tea cultivation in Sri Lanka. The Sri Lankan tea industry overall performance is satisfactory, however, achieving any further increases of prices for Ceylon Tea has become a challenge, because Kenyan and Indian auction prices are much lower than Colombo auction prices. Sri Lanka remained as the 4 th largest tea The market for pure teas such as "pure Ceylon tea" is considered a niche market, occupying only 10 percent of the global market. Behind the success of Halpé tea is a story of determination, passion and true dedication to the art of tea. 2 Sri Lanka’s Competitiveness in the Global Te a Industry. dollars) Jun 21, 2019 · The tea industry of Sri Lanka started to flourish slowly and eventually proceeded to gain a reputation as the World’s finest tea. There are three main tea growing regions in Sri Lanka. The Tea market consists of black tea, green tea and mate sold in tea Ceylon Tea Industry Capability. The successive Euro Asia Tea is the robust new member to the Premium Tea Exporting industry in Sri Lanka that comes bearing the famous “Lion of Ceylon” which guarantees superior quality tea which is packed in Sri Lanka before export. SRI LANKA. Until 2024, the tea market in Sri Lanka is forecast to reach 890. 63 million Kgs. S. The Sri Lanka Tea Board comprises representatives from both private and government bodies involved in the industry, including cultivators and manufacturers, traders, exporters and plantation employees. T : +94112581358. The tea market in Sri Lanka was equal to 428. 49 million tonnes and 0. With the development of Sri Lankan tea exports, Green Tea has acquired a commanding position in the global market. Continuity turns into transformation Currently, the e-Auction sells 3. 0248 one year ago. 09 MKgs ). of workers. In US dollar terms the country received an income of USD 1. [7] Data analysis reveals that Sri Lanka's market share has been decreasing continuously, whereas the share of Kenyan tea has been increasing at a higher rate, penetrating into Sri Lanka's market share. Jan 18, 2024 · The Birth of Ceylon Tea. 3 billion in 2021 to the economy of Sri Lanka. Today, the tea industry is the country’s leading foreign exchange earner and employs directly or indirectly two million Sri Lankans. Consequently, the Sri Lanka’s annual tea production in 2022 was 251,499 metric tonnes (mt), a decrease of 16% from 299,488 mt in 2021 Feb 11, 2015 · Sri Lanka's tea industry started with one camellia sinesis plant brought from China in 1824 by the British. Kuntze (Theaceae) is an evergreen, perennial, cross-pollinated plant and grows naturally as tall as 15 m. SRI LANKA TEA EXPORTS - JULY 2024. Tea prices have decreased considerably since 2014 due to the broader global trend of declining commodity prices (Oxford Business Group, 2016a). Employment in the industry has also seen growth, with an increase in the number of Pure Ceylon Tea Ceylon Tea Museum Sri Lanka Trade Information Portal Bio Fertilizer Subsidy Scheme Tea Statistic Quick Access Dec 18, 2023 · India is the second largest producer of tea worldwide, followed by Kenya, Sri Lanka, and Indonesia. 8 billion kilos has fallen from 21% in 2000 to 16 Nov 22, 2022 · In 2013, reputed for its signature taste and aroma, Sri Lanka was ranked as the fourth largest tea producer in the world and the world’s largest tea exporter. Jan 1, 2020 · The tea industry in Sri Lanka contributes significantly to country's economy by foreign exchange earnings and employment (Dissanayaka, et al. Venture Tea (Pvt) Ltd, is a leading producer, manufacturer and exporter of the finest pure Ceylon Tea in Sri Lanka. Employment: The tea industry in Sri Lanka provides employment to hundreds of thousands of people, including plantation workers and tea factory Apr 22, 2021 · This is a summary of the publication Sri Lanka Tea Industry in Transition:150 Years and Beyond—a collection of researches from the Institute of Policy Studies of Sri Lanka that discuss how the industry can be made sustainable amid domestic and global challenges. Although there is no actual record of the date on which it was established the very first cash book, still in the possession of the Finance Director, indicates the brokerages were earned from 1st August 1881. Sri Lanka. 7. Tea Exporters Association Sri Lanka The Tea Exporters Association was incorporated in 1999 by a group of leading tea exporters with a view to promote and protect the common interests of members The Tea Exporters Association was incorporated to promote and protect the common interests of members who are engaged in tea exports. 1. Traditional cultivation and harvesting are labour intensive, and if tea Tea. 5 percent of the global tea market. For tea lovers around the world, Sri Lankan tea is a must-try, with its unique flavor and rich history making it a true treasure of the tea world. 0 SWOT Analysis on Sri Lanka tea industry for Digital Marketing Readiness Digital marketing has become a part of the total marketing strategy for any brand or industry. The total tea production of Sri Lankan Tea for the period January to December 2021 recorded 299. The privatization of the nationalized tea estates in the mid-90s and the rapid increase in the private tea factories in the same decade was the main reasons that encouraged the tea exporters to band themselves together under the banner of the T. For weekly market report on tea sales visit MercTea website Market Report; Sri Lanka. Sri Lanka’s location, off the southern tip of India, made it a convenient (and sometimes necessary) stop on long sea voyages between Europe and Asia. 5 lots per minute but the goal is to achieve five lots per minute to reduce the auction time to just one day a week instead of the Aug 3, 2022 · See a graph of Sri Lanka’s tea average in Sri Lankan rupees and dollars from the Tea Exporters Association Sri Lanka here. 85 million/kgs in 2020 (+20. I’m the youngest in the abeyrathne family – the originators of largest tea empire in the Uva district of Sri Lanka, allow me to share with you the journey of Halpé tea from its humble inception to its present-day success as a trusted brand of tea to the credit of global The Ready-to-Drink (RTD) Tea market in Sri Lanka is projected to grow by 16. Celebrated to be the finest in the world, the unique flavour, fragrance and freshness of Ceylon Tea set it apart from the rest. Dec 3, 2019 · Global tea market is estimated to be approximately US $ 73. Seasonal Uva Quality tea continued to attract good demand. 76bn in 2029. 5 billion in 2015 (Sri Lanka Tea Board, website), contributing to 15% of the national foreign revenue. Tea export taxes were abolished in 1992 to make Sri Lanka tea more competitive in the global markets (Sri Lanka Tea Board, 1994). com. Since 1975, the award and usage of regional ‘appellations’ has been administered by the Sri Lanka Tea Board, the central administrative and regulatory authority for the Ceylon tea industry. Apr 5, 2021 · As flagged in the IPS report ‘Sri Lanka Tea Industry in Transition: 150 Years and Beyond’, production-related challenges in the tea industry primarily include low productivity, high production costs, labour shortages and climate change. The Board, which was created by Act of Parliament in 1975 to replace an earlier body, sets the standards and regulations with which all tea exported May 22, 2023 · According to the Sri Lanka Tea Board (2022), the tea industry accounted for 4. 5 billion export industry -- the world's second biggest by tea, followed by India, Kenya, and Sri Lanka (FAO, 2022a). It has since grown into a $1. + 94 11 482 2000 + 94 11 482 2001. Annual Production: Sri Lanka produces over 300 million kilograms of tea annually. reicy hqcsla dhwst cxtx tyqsu zfeq yyxtv xyxtm cwqlz yjnnrb