Tea in india demand and supply

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Tea in india demand and supply

  1. 1. Demand And Supply • Demand is Significant & Ever rising . • The demand is relatively price inelastic. • Fierce competition in the market. Top Five Tea Producing Countries Top Five Tea Consuming Countries India Others 30% 25% India 23% Others Indonesia 44% 5% Kenya China 10% Sri Lanka China 16% 9% 21% Japan UK Russia / CIS 5% 6% 6% • The supply of tea has always been greater than the demand. • Tea is basically a non competitive or a independents commodity.
  2. 2. Factors Affecting Demand And Supply Demand • Goods own price • Price of related goods • Personal disposable income • Taste or preferences • Consumer expectations about future price and income. Supply • Conditions of production • Expectations • Price of inputs • Number of suppliers • Government policies and regulations
  3. 3. Price fluctuations

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