In 2023, Japan's mate and tea export volume stood at an estimated 7.01 Thousand Metric Tons. The forecast for 2024 to 2028 indicates a steady increase, with volumes rising from 7.18 Thousand Metric Tons to 7.9 Thousand Metric Tons. This represents a year-on-year growth rate of approximately 2.5% to 2.6%. The compound annual growth rate (CAGR) over this period is expected to be around 2.58%, indicating a modest but consistent upward trend in export volume.
Future trends to watch for include:
- Changes in global demand for specialty and organic teas which may impact export volumes respectively.
- Trade policies and tariffs that could affect Japan’s export competitiveness.
- Potential innovations in tea varieties or processing methods that may drive increased demand.