The import forecast of green tea in packages more than 3 kg to Brazil suggests a gradual decline from 2024 through 2028. The forecasted values indicate a consistent year-on-year decrease, with an overall downward trend. As of 2023, the import value was higher than the projected values for subsequent years; however, specific 2023 figures are not provided. The compound annual growth rate (CAGR) over the five-year period also reflects a negative growth momentum, pointing towards a decreasing demand or restructuring of the import market.
Future trends to watch for include:
- Potential changes in consumer preferences towards healthier or alternative beverages.
- Shifts in trade policies, tariffs, or bilateral agreements that might impact green tea imports.
- Emerging competition from local tea producers or suppliers from other regions.
- Fluctuations in currency exchange rates affecting import costs.
- Economic conditions influencing purchasing power and market dynamics in Brazil.