In 2023, the import of extracts, essences, and concentrates of tea, coffee, and mate to China stood at an actual value, and based on forecasted data for 2024-2028, an annual positive growth trend is expected. The forecast from 2024 through 2028 indicates a steady year-on-year increase, reflecting a strong upward trend in imports. The projected Compound Annual Growth Rate (CAGR) for this period suggests consistent growth.
Future trends to watch for include:
- China's evolving consumer preferences towards premium tea and coffee products potentially driving higher imports.
- Market expansion due to rising urbanization and disposable incomes.
- Potential impacts of the global supply chain and trade policies on import dynamics.