The forecast for Japan's tea import values from 2024 to 2028 shows a consistent, albeit slight, downward trend. Starting at 178.77 million USD in 2024, the value declines annually, reaching 178.06 million USD by 2028. This projected decrease suggests minimal changes, reflecting a minor contraction in the market. Year-on-year changes are negligible, with the compound annual growth rate (CAGR) also indicating this subtle downtrend. As of 2023, tea import values were comparable to the forecast figures, implying stability rather than significant growth or decline.
Future trends to watch for include:
- Potential impacts of changing consumer preferences towards herbal or specialty teas.
- Developments in trade agreements or tariffs that could affect import costs.
- Global tea production affected by climate change, influencing supply and pricing.
