The forecast for the UK's imports of extracts, essences, and concentrates of tea, coffee, and mate shows a steady upward trend from 2024 to 2028. In 2023, the actual import value stood at around a similar expectation of the zero-growth scenario from 2024. The year-on-year growth is modest, indicating stable demand with values incrementally rising annually.
Key future trends to watch include:
- The impact of global economic conditions on import prices and volumes.
- Changes in consumer preferences, especially towards premium and sustainable products.
- Potential trade policy adjustments due to post-Brexit dynamics affecting supply chains.
- The growth of alternative beverage options that could influence traditional tea and coffee consumption.