INDIAN TEA-COFFEE INDUSTRY CREDIT ANALYSIS & RESEARCH LTD. 4th Floor, Godrej Coliseum, Somaiya Hospital Road, Off Eastern Express Highway, Sion (East), Mumbai – 400 022 March 2012
INDIAN TEA-COFFEE INDUSTRY
CREDIT ANALYSIS & RESEARCH LTD.
4th Floor, Godrej Coliseum, Somaiya Hospital Road,
Off Eastern Express Highway, Sion (East), Mumbai – 400 022
March 2012
March 2012 TEA-COFFEE
Table of Contents Executive Summary
SECTION- I CARE Research’s OUTLOOK
Tea Industry
Production
Consumption
Exports & Imports
Prices
Coffee Industry
Area
Production
Consumption
Exports & Imports
Prices
SECTION- III TEA INDUSTRY SECTION
Overview
Introduction
Tea Processing
Supply-Demand
Supply Scenario
Demand Scenario
International Trade & Prices
International Trade
Prices
Industry Features
Regulatory Scenario
Employment & Labour
Cost & Financial Analysis
Industry Developments
Global Scenario
Overview
March 2012 TEA-COFFEE
Production
Consumption
International Trade
International Prices
Industry Developments
SECTION- IV COFFEE INDUSTRY SECTION
Overview
Introduction
Coffee Processing
Supply-Demand
Supply Scenario
Demand Scenario
International Trade & Prices
International Trade
Prices
Industry Features
Regulatory Scenario
Employment & Labour
Cost & Financial Analysis
Coffee Chains / Outlets
Global Scenario
Overview
Production & Consumption
International Trade
International Prices
SECTION- V COMPANY SECTION
Tea Companies
Tata Global Beverages Ltd.
McLeod Russel India Ltd.
Goodricke Group Ltd.
Coffee Companies
Tata Coffee Ltd.
March 2012 TEA-COFFEE
Amalgamated Bean Coffee Trading Company Ltd.
CCL Products (India) Ltd.
List of Tables
SECTION- II CARE Research’s OUTLOOK
Tea Industry
Tea Domestic Demand-Supply: CY2006-CY2014P
Coffee Industry
Café Outlet expansions: CY11-CY14P
Indian Demographics: CY10-CY15P
Global Coffee Demand-Supply: Crop Year 2007/08 to 2011/12
SECTION- III TEA INDUSTRY SECTION
Overview
Trends in Domestic Market Share of Tea Companies in India: FY05-FY10
Sales Trends of Tea Companies: FY05-FY10
Supply-Demand
Profile of Tea Bushes in India: CY97-CY08
Expected Capital Expenditure in Tea industry
Demand-Supply Scenario
Tea Preferences in Indian states
Tea Consumption Pattern – Per Capita
International Trade & Prices
Tea Auction Centers in India
Tea Plantation: Worker Wage Rates
Industry Features
Average Daily No. of Workers Employed in Tea Plantations: CY00-CY06
Cost of Production: Exporting Countries
March 2012 TEA-COFFEE
Cost Components
Sanction of activities vis-à-vis targets under Tenth Five Year Plan
Global Scenario
Snapshot of Major Tea Producing Countries (CY2010)
Tea Type Preferences – Global
Share in Production & Exports of Major Tea Producing Countries
SECTION- IV COFFEE INDUSTRY SECTION
Overview
Region-wise Production: CS10-11
Region-wise Area: CS 2010-11
Bean Type & Grades
Requisite Climatic Factors: Arabica & Robusta
Country-wise Harvesting Period & Notable Beans
Domestic Company-wise Sales: FY05-FY10
Domestic Company-wise Market Share: FY05-FY10
Supply-Demand
Region-wise Planted Area under Coffee: CS06-CS11E
Rainfall: CY06-CY11
District-wise Planted Area under Coffee: CS09-CS11
Number of Land Holdings by Size: CS2009-CS2011
Expected Capital Expenditure in Coffee industry
International Trade & Prices
Specialty & Value Added Coffee Exports: FY04-FY11 (Qty)
Specialty & Value Added Coffee Exports: FY04-FY11 (Value)
Type-wise Coffee Exports: CY2011
Shipment of Coffee by Ports: FY10-FY11
Imported Volume by Type: FY02-FY11
Imported Value by Type: FY02-FY11
Wholesale Prices of Coffee Seeds: CY07-CY11
Retail Prices of Coffee Seeds: CY97-CY11
Farm-gate Prices of Uncured Coffee: CY02-CY11
Industry Features
Wages in Coffee Plantations
March 2012 TEA-COFFEE
Average Daily Number of Persons Employed in Coffee Plantations: FY04-FY10
Amount Released for Plantation of Tea/ Coffee under PSFs: FY10
Funds Released for Coffee Plantation in AP*: FY08-FY10
Import Tariff on Coffee
Indicative Opex per Café outlet
Global Scenario
Global Coffee Demand-Supply Scenario: Crop Year 2006-2012
Demand-Supply Scenario in Top Producing Countries: Crop Year 2011
International Coffee Production: Crop Year 2007-2011
Arabica & Robusta Production in Exporting Nations: Crop Year 2007-2011
Domestic Consumption of Exporting Nations: Crop Year 2007 to 2011
Exports by Exporting Members: Crop Year 2007 to 2011
Green Coffee Exports: Marketing Year 2007-2011
Imports by Importing Countries: CY2004 to CY2010
Green Coffee Imports: Marketing Year 2007-2011
SECTION- V COMPANY SECTION
Tata Global Beverages
Market Information
Associated Brands
Key Domestic Tea Brands
Subsidiaries
Joint Ventures
Finished Products
Financial Overview (Standalone): FY07-FY11
Capital Expenditure Projects
McLeod Russel India Ltd.
Market Information
Subsidiaries
Joint Ventures
Finished Products
Raw Materials
Financial Overview (Consolidated): FY07-FY11
Goodricke Group Ltd.
Market Information
March 2012 TEA-COFFEE
Goodricke - Darjeeling Tea Brands
Multi-origin Blends
Raw Materials
Finished Products
Financial Overview (Standalone): CY06-CY10
Recent Financial Results (9 months ended September 2011)
Tata Coffee Ltd.
Market Information
Key Product Categories & Brands
Subsidiaries
Plant Locations
Select Finished Products
Financial Overview (Consolidated): FY07-FY11
Capital Expenditure Projects
Amalgamated Bean Coffee Trading Company Ltd.
Market Information
Market Presence
Subsidiaries
Financial Overview (Standalone): FY07-FY11
Capital Expenditure Projects
CCL Products (India) Ltd.
Market Information
Plant Location
Finished Products
Financial Overview (Consolidated): FY07-FY11
List of Graphs SECTION- II CARE Research’s OUTLOOK
Tea Industry
Tea Production: CY00-CY14P
Consumption: CY00-CY14P
India’s Population: CY91-CY15P
Exports: CY00-CY14P
March 2012 TEA-COFFEE
Imports: CY00-CY14P
Tea Average Annual Prices: India & World
Coffee Industry
Area under Coffee: CS 06-CS 14P
Production: CS 06-CS 14P
Consumption: CY06-CY14P
Per Capita Consumption: Exporting nations
Per Capita Consumption: Importing nations
Exports: CY06-CY14P
Imports: FY02-FY14P
International Prices: CY06-CY14P
Domestic Prices: CY07-CY14P
SECTION- III TEA INDUSTRY SECTION
Overview
Region-wise Tea Production share in India in CY2011
Types of Tea
Tea Value Chain
Tea Processing Stages
Supply-Demand
Area under tea in India: CY03-CY07
District-wise Area under Tea: 2007
Domestic Production: FY91-FY11
Area under Tea: FY91-FY11
State-wise Production: CY91-CY11
Region-wise Production: CY91-CY11
Production by Types: CY04-CY10
No. of Growers in Tea Plantations: CY00-CY07
Yield / Productivity: FY91-FY11
Average Yield Rate: CY95-CY08
Method-wise Tea Production: CY04-CY10
Orthodox & Green Tea Production: CY61-CY10
Rainfall in Select States: FY00-FY11
Deviation from Normal Rainfall: FY00-FY11
Consumption: CY00-CY10
March 2012 TEA-COFFEE
Per Capita Consumption: CY91-CY10
Sugar Prices in India: FY05-FY11
WPI of Milk in India: Base Year 2004-05=100
WPI of Coffee: Base Year FY05=100
International Trade & Prices
Exports: FY05-FY11
Export Earnings: FY91-FY11
County-wise Tea Exports from India: CY10 (Qty)
County-wise Tea Exports from India: CY06-CY10 (Qty)
County-wise Tea Exports from India: CY10 (Value)
County-wise Tea Exports from India: CY06-CY10 (Value)
Tea Export Items: FY91-FY09
Tea Export Items: FY91-FY09
Tea Exports: Jan-Oct CY08-CY11 (Qty)
Tea Exports: Jan-Oct CY08-CY11 (Value)
Imports in India: CY03-CY10 (Qty)
Imports in India: CY03-CY10 (Value)
Domestic Avg. Auction Prices: FY01-FY11
Retail Prices of Major Brands: Dec-07 to Dec-11
Monthly Avg. Auction Prices: Jan-08 toOct-11
Yearly Average Auction Prices: CY00-CY09
Domestic Auction Prices: CY00-CY10
Domestic Auction Prices: CY11
WPI of Tea Leaf (Unblended): FY05=100
WPI of Tea Leaf (Blended): FY05=100
WPI of Tea Dust (Unblended): FY05=100
WPI of Tea Dust (Blended): FY05=100
Monthly Tea Prices CY2007-CY2011(in Rupee terms): India and World
Industry Features
Workers Employed: CY03-CY07
State-wise number of Small Growers
Cost and expense structure of tea companies in India
Expenses & Profit: FY00-FY11
Growth in Sales, Expenses & Profit: FY00-FY11
March 2012 TEA-COFFEE
Global Scenario
World Tea Demand & Supply: CY05-CY10
Country-wise share in Production: CY10
Country-wise World Production: CY06-CY10
Country-wise Harvested Area: CY00-CY10
Country-wise Yield / Productivity: CY00-CY10
Country-wise Black Tea Production: CY09
Country-wise Black Tea Exports: CY09
Country-wise Green Tea Production & Exports: CY09
Country-wise share in Black Tea Consumption: CY09
Country-wise share in tea Consumption: CY09
Country-wise Consumption: CY05-CY09
Country-wise share in Exports: CY10
Country-wise Exports: CY06-CY10
Country-wise share in World Imports: CY09
Country-wise World Imports: CY05-CY09
Russia’s Tea Imports: CY06-CY10
UK’s Tea Imports: CY06-CY10
USA’s Tea Imports: CY06-CY10
World Avg. Tea Prices: CY00-CY11
Avg. Tea Prices at World Auctions: CY00-CY11
SECTION- IV COFFEE INDUSTRY SECTION
Overview
Coffee Growing Regions in India
Coffee Value Chain
Coffee Processing Stages
Supply-Demand
Area under Coffee Cultivation: CS51-CS11*
Area under Coffee Cultivation: CS91-CS11*
Coffee Production: CS51-CS12*
Production in Coffee Season (CS): CS06-CS11
Productivity: CS91-CS11
India’s share in world production: FY91-FY11
March 2012 TEA-COFFEE
Coffee Consumption: CY90-CY10
Per Capita Consumption of Coffee: FY61-FY07
International Trade & Prices
Country-wise Export Earnings: FY03-FY11
Country-wise Export Volumes: FY03-FY11
Coffee Exports Volume: CY91-CY11*
Coffee Exports Earnings: CY91-CY11*
Unit Value of Exports: CY91-CY11*
Coffee Export by Types: FY11 (Value)
Country-wise share in Export (Qty): FY11
Country-wise share in Export (Value): FY11
Exports by Types: FY2011
Exports by Types: FY2011
Unit Export Value of Selected Counties: FY12*
Country-wise Exported Quantity : FY12*
Coffee Exports by Types: CY07-CY11*
Exports in Coffee Seasons (CS): CS92-CS11
Re-exports of Instant Coffee: FY11 (Value)
Re-exports of Instant Coffee: FY11 (Qty)
Re-exports of Instant Coffee: FY07-FY11 (Qty)
Unit Value of Re-exports: FY07-FY11
Country-wise share in Imports: FY11 (Qty)
Country-wise share in Imports: FY11 (Value)
WPI of Coffee in India: FY05-FY12*
WPI of Coffee Powder: FY05-FY12*
Retail Prices of Coffee Powder: CY96-CY11*
Average Prices in ICTA (Bangalore) Auctions for Major Grades of Clean Coffee
Retail Prices of Coffee Brands in India: CY07-CY11
Industry Features
Cost Structure: FY2006 & FY2011
Growth in Sales, Expenses & Profit: FY99-FY11
Profit Margins: FY99-FY11
Coffee Outlets in India: 1600
Café Consumer Profile in India
March 2012 TEA-COFFEE
Global Scenario
County-wise Production: Crop Year 2011
World Production: FY91-FY11
County-wise share in Exports: CY2010
County-wise share in Consumption: Crop Year 2011
Country-wise share in Imports: CY2010
ICO Monthly Prices: Jan-06 to Oct-11
ICO Composite Avg. Prices: CY91-CY11
ICO Indicator Average Prices: CY00-CY11
ICO Indicator Average Prices: CY98-CY11
Mild Arabica Prices: CY91-CY11
Robusta Prices: CY91-CY11
SECTION- V COMPANY SECTION
Tata Global Beverages
Shareholding Pattern
McLeod Russel India Ltd.
Shareholding Pattern
Goodricke Group Ltd.
Shareholding Pattern
Tata Coffee Ltd.
Shareholding Pattern
Amalgamated Bean Coffee Trading Company Ltd.
Shareholding Pattern
CCL Products (India) Ltd.
Shareholding Pattern
March 2012 TEA-COFFEE
The report highlights vital facts and figures pertaining to the Indian Tea-Coffee industry,
supplemented by the latest industry statistics. The report is broadly classified into two
sections separately covering each of the two industries – tea and coffee, in order to offer
individual focus on each of the segments. Following are few key points on which emphasis
is laid to accomplish the report:
An overview of the entire industry in terms of growing regions, history, types, grades,
manufacturing processes, value chain, market players, etc. is provided in detail in order
to secure basic understanding of the industry at the outset.
Global industry dynamics in terms of demand-supply scenarios depicting past and
present situation, alongside detailed commentary on international price movements.
Factors governing domestic industry dynamics such as cultivated area, production,
exports, imports, re-exports, consumption, and prices are analysed in detail, in addition
to other periphery factors that impact the same, such as labour issues, regulatory
information and other latest industry developments.
Cost analysis of each industry with emphasis on the raw material and labour cost, in
addition to an analysis of overall operating and after tax margins of companies within the
industry.
CARE Research’s outlook and insight into future trends in the industry with respect to
key demand-supply metrics, in addition to ascertaining global industry factors in near
future and projecting their corresponding impact on future prices in both global and
domestic market.
For an in-depth analysis and CARE’s view on the future of this sector, please refer to the
exhaustive report on Indian Tea-Coffee Industry, March 2012 by CARE Research.
The subscription to this report includes twelve monthly updates on the industry for the
period April 2012 - March 2013.
Kindly click on the link below to subscribe a copy of the same
http://www.careratings.com/content/ResourceCenter/IndustryReport.aspx
For any queries regarding the content and scope of the report kindly reach us at
March 2012 TEA-COFFEE
Contact:-
Ms. Revati Kasture [email protected]
Head – Industry Research
(D): +91-22-6754 3465
Mr. Divyesh Shah [email protected]
Assistant General Manager
(D): +91-22-6754 3441
Ms. Sunetra Patkar [email protected]
Analyst
(D): +91-22-6754 3685
CREDIT ANALYSIS & RESEARCH LTD.
4th Floor Godrej Coliseum, Off Eastern Express Highway, Somaiya Hospital Road, Sion East, Mumbai – 400 022
Tel: +91-22-6754 3456 Fax: +91-22-6754 3457
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DISCLAIMER
This report is prepared by CARE Research, a division of Credit Analysis & REsearch Limited [CARE]. CARE Research has taken utmost care to ensure accuracy and objectivity while developing this report based on information available in public domain. However, neither the accuracy nor completeness of information contained in this report is guaranteed. CARE Research operates independently of ratings division and this report does not contain any confidential information obtained by ratings division, which they may have obtained in the regular course of operations. The opinion expressed in this report cannot be compared to the rating assigned to the company within this industry by the ratings division. The opinion expressed is also not a recommendation to buy, sell or hold an instrument.
CARE Research is not responsible for any errors or omissions in analysis/inferences/views or for results obtained from the use of information contained in this report and especially states that CARE (including all divisions) has no financial liability whatsoever to the user of this product. This report is for the information of the intended recipients only and no part of this report may be published or reproduced in any form or manner without prior written permission of CARE Research.
Published by Credit Analysis & REsearch Ltd.
4th Floor Godrej Coliseum, Off Eastern Express Highway, Somaiya Hospital Road, Sion East, Mumbai – 400 022.
Tel: +91- 22-6754 3456 Fax: +91-22-6754 3457.