The Mate and Tea market in Thailand stood at 56.0 Thousand Metric Tons in 2023. Over the past decade, this market has seen notable fluctuations. Initially, the market dropped by 8.77% in 2015, followed by a 15.38% increase in 2016. Subsequent years depicted a somewhat mixed trajectory with some years witnessing a decline and others a minor increase. Most recently, from 2021 to 2023, the market stabilized with zero year-on-year variation. Analyzing the period of 2019-2023, the market experienced an average annual decline (CAGR) of -0.35%. The forecast for the next five years (2024-2028) suggests a minimal average annual decrease of -0.03%, with the estimated market size reaching 55.88 Thousand Metric Tons by 2028.
In the future, trends to watch for include shifts in consumer preferences toward health-related products, potential economic changes impacting disposable incomes, and the influence of emerging market players. Additionally, monitoring any regulatory changes, as well as innovations in the Mate and Tea segment, will provide critical insights for stakeholders.
