The forecast for the re-import of green tea in packages less than 3 kg to Canada shows a steady growth trajectory from 2024 to 2028, starting at $1.8468 million in 2024 and reaching $2.1051 million by 2028. This represents a consistent year-on-year increase in value.
From 2023 to 2024, the value of re-imports is predicted to rise, showcasing positive growth. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 averages out to reflect a stable increase, indicative of growing demand or favorable conditions for re-importing green tea in smaller packages.
Future trends to watch include changing consumer preferences towards premium or organic green tea, potential tariff adjustments affecting import costs, and competitive dynamics with other tea-exporting countries. These factors could impact Canada's re-import volumes and values in coming years.
