The forecast for Mate and Tea import volume in India indicates a consistent decline from 2024 to 2028. Standing at 9.19 thousand metric tons in 2024, the import volume is estimated to decrease progressively each year to 6.11 thousand metric tons by 2028. This represents a significant annual contraction, highlighting a trend toward reduced reliance on imports.
The year-on-year variation showcases a continuous decrease in imports, with the compound annual growth rate (CAGR) over the period further solidifying this downward trend. Notably, actual import values for 2023 were unavailable, but the declining values from 2024 suggest a strategic shift or potential growth in domestic production.
Future trends to watch for include:
- Potential increase in domestic Mate and Tea production to meet local demand.
- Shifts in consumer preferences affecting import volumes.
- Changes in trade policies that may impact future import strategies.
