In round numbers the consumption of tea in the principal importing
countries has increased from 350,000,000 pounds in 1880 to upwards of
400,000,000 pounds in 1892. To which may be added for the minor
consuming countries another 60,000,000 pounds, in which case we get a
grand total of 460,000,000 pounds. Tea consumption in India and Ceylon
is scarce worth computing, and it is also claimed that the consumption
in China has been greatly exaggerated, for although the Chinese drink
tea constantly much of the liquor is little different from hot water, so
that to credit China and her feudatories with another 500,000,000 pounds
would be an extravagant estimate. But, admitting it to be near the mark,
we may then take in round numbers 1,000,000,000 pounds of leaf, or say
6,000,000,000 gallons, as the world’s annual consumption of tea. But it
is confidently predicted that if peace be preserved and wealth and
civilization continues to advance that much greater increase during the
closing years of the present century and the whole of the twentieth
century—for large portions of mankind are at length discovering that
alcohol with its “borrowed fire” is a deceiver and a curse. If the
civilization of an age or a community can be tested by the quantity of
sulphuric acid which it uses, much more certainly can the moral status
of a time and a people be judged by a comparison of the quantities of
alcoholic and non-alcoholic stimulants it uses.
All teas have declined one-half in value during the past ten years,
owing to the increased production of India and Ceylon, the position of
the market at the present time is, however, unique and unusual.
Heretofore the rule has been for the supply to exceed the demand,
particularly of China tea, it being the custom to claim that the market
would never run short of the latter, as the production could be
increased to meet any sudden or excessive demand. Now, however, the
position is entirely different, the shortage in China tea the past year
reaching some 21,000,000 pounds, to which must be added the increase in
consumption of 11,500,000 pounds, due in a measure to the reduction of
the duty in England, against which deficit is to be placed the increase
of production in India of 3,000,000 pounds, and that of Ceylon of
15,000,000 pounds, but still leaving a shortage of 14,000,000 pounds.
This position has led to an advance in China common grades, part of
which is undoubtedly due to speculation. With decreased imports and
increased consumption in the market, however, appears to have all the
requisite of strength to sustain it, and it will be years before it
reaches its late low point again.
Public-domain text, read in full here on John Shaqi.
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