In 2024, the re-import of black tea in packages less than 3 kg to the UK is forecasted to reach $147.66 thousand, with consistent growth anticipated annually, culminating in $154.46 thousand by 2028. The year-on-year growth demonstrates a steady upward trend, with incremental increases reflecting a positive outlook for the future. Assuming 2023 data isn't provided to compare, the forecast indicates a robust Compound Annual Growth Rate (CAGR) over the next five years.
Future trends to monitor include:
- Potential fluctuations in global tea prices, which could impact import patterns.
- Shifts in consumer preferences towards alternative tea formats or flavors.
- Trade policy changes post-Brexit affecting tea import dynamics.