The forecast for mate and tea production in India from 2024 to 2028 suggests a steady, albeit slow, growth trajectory. In 2024, production is expected to reach 1.4 million metric tons, with incremental increases each year, culminating in 1.45 million metric tons by 2028. In 2023, the actual production was approximately 1.39 million metric tons. Year-on-year, the production is projected to grow approximately 0.71% to 1.40%, reflecting a consistent but modest growth trend. Over the five-year period, the compound annual growth rate (CAGR) is expected to remain close to 0.89%.
Future trends to watch for:
- Impact of climate change on agricultural output and quality.
- Shifts in domestic and international demand, especially from emerging markets.
- Technological advancements in farming practices that could affect production.
- Government policies and support influencing the agriculture sector.
