The import of black tea into the US in packages less than 3 kg is projected to experience steady growth from 2024 to 2028. In 2023, actual imports stood at 155 million USD. From 2024 to 2028, the forecasted imports indicate a consistent year-on-year growth, with percentage increases averaging around 2.4% annually. This indicates a Compound Annual Growth Rate (CAGR) that reflects a stable and healthy upward trend in demand and trade for black tea in small packages.
Future trends to watch for include:
- The evolving consumer preferences towards specialty and premium teas in the US market.
- Potential changes in trade policies affecting tea imports.
- Impact of health trends that may influence the popularity of black tea.
- Technological advancements in packaging and distribution.