tea in india demand and supply
Post on 20-Jan-2015
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Demand And Supply
• Demand is Significant & Ever rising .• The demand is relatively price inelastic.• Fierce competition in the market.
Top Five Tea Consuming Countries
India23%
China16%
Russia / CIS6%
U K 6%
Japan5%
Others44%
Top Five Tea Producing Countries
Sri Lanka9%
Kenya10%
Indonesia5%
China21%
India30%Others
25%
• The supply of tea has always been greater than the demand.• Tea is basically a non competitive or a independents
commodity.
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
Price fluctuations
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