The indicator 'Price, Combined' in the 'Tea' segment of the hot drinks market in South Korea was forecast to continuously increase between 2024 and 2029 by in total 16 U.S. dollars (+12.33 percent). After the ninth consecutive increasing year, the indicator is estimated to reach 145.75 U.S. dollars and therefore a new peak in 2029.
Data provided by Statista Market Insights are estimates.
Definition:
The Tea market consists of black tea, green tea and mate sold in tea bags or as loose-leaf tea. Not included are herbal tea, instant tea, iced tea or similar tea-derived Ready-to-Drink beverages. Ready-to-Drink variants are instead shown in the corresponding segment in the Non-Alcoholic Drinks market.
Additional information:
The market comprises revenue and average revenue per capita, volume and average volume per capita, price per kilogram , as well as sales channels. Per capita figures refer to a country’s or region’s whole population.
At-home market data covers retail sales via super- and hypermarkets, eCommerce, convenience stores, and similar sales channels. Out-of-home market data includes all sales in hotels and restaurants, sales by catering companies, as well as sales in cafés, bars, and similar hospitality service establishments. In the out-of-home market, the price always refers to the price per kilogram of the beverage consumed, regardless of other components in the finished beverage. Combined numbers encompass both the at-home market and the out-of-home market. All prices are valued at retail selling prices, including all sales and consumption taxes.
Key players include Unilever (Lipton), Associated British Foods (Twinings), and Tata Global Beverages (Tetley).
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Statista Market Insights. (June 27, 2024). Average price per unit (PPU) in the tea segment of the hot drinks market South Korea from 2019 to 2029 [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/forecasts/1437491/average-price-per-unit-ppu-tea-hot-drinks-market-south-korea
Statista Market Insights. "Average price per unit (PPU) in the tea segment of the hot drinks market South Korea from 2019 to 2029." Chart. June 27, 2024. Statista. Accessed August 25, 2024. https://www.statista.com/forecasts/1437491/average-price-per-unit-ppu-tea-hot-drinks-market-south-korea
Statista Market Insights. (2024). Average price per unit (PPU) in the tea segment of the hot drinks market South Korea from 2019 to 2029. Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/forecasts/1437491/average-price-per-unit-ppu-tea-hot-drinks-market-south-korea
Statista Market Insights. "Average Price per Unit (Ppu) in The Tea Segment of The Hot Drinks Market South Korea from 2019 to 2029." Statista, Statista Inc., 27 Jun 2024, https://www.statista.com/forecasts/1437491/average-price-per-unit-ppu-tea-hot-drinks-market-south-korea
Statista Market Insights, Average price per unit (PPU) in the tea segment of the hot drinks market South Korea from 2019 to 2029 Statista, https://www.statista.com/forecasts/1437491/average-price-per-unit-ppu-tea-hot-drinks-market-south-korea (last visited August 25, 2024)
Average price per unit (PPU) in the tea segment of the hot drinks market South Korea from 2019 to 2029 [Graph], Statista Market Insights, June 27, 2024. [Online]. Available: https://www.statista.com/forecasts/1437491/average-price-per-unit-ppu-tea-hot-drinks-market-south-korea