Industry Analysis & Industry Trends
The Tea Production industry has rapidly increased its share of China's beverage market over the past decade – from 7.0% of the total domestic beverage volume in 2000 to 26.0% in 2013. Over the past five years, industry revenue has been increasing at an annualized rate of 15.6% to an expected $18.2 billion in 2014. There are about 243 enterprises operating in the industry employing 65,284 workers.
The strong performance of the industry has been the result of increased consumer health consciousness and the rapid development of herbal tea beverages. This industry is focused on the large domestic market; exports contribute only 1.3% to total industry revenue. In addition, very little tea is imported into China. Imports account for just 0.9% of domestic demand.... purchase to read more
Industry Report - Industry Investment Chapter
For every dollar spent on labor (including wages, management and administration and R&D expenses) about 67 cents are invested in capital. The production technology requirements in the Tea Production industry are similar to other beverage industries. This industry has become a technology-intensive industry, which needs capital investment for new product research and development. Large-scale enterprises need smaller levels of employment and use higher levels of manufacturing equipment to produce their tea and other soft beverage lines. The mechanization extent of medium and small enterprises is lower than in large-scale enterprises, so they therefore need more labor.
Tea and other soft beverage manufacturers in China are mostly large-scale factories... purchase to read more