In Canada, from 2024 onwards, the forecasted decline in Mate and Tea stock continues, with a decreasing trend each year through 2028. In 2023, stocks were marginally higher than -2350 metric tons. Year-on-year declines range from -11% to -8%, reflecting growing challenges in the market. The Compound Annual Growth Rate (CAGR) for the period is negative, highlighting sustained inventory reduction from 2024 to 2028.
Future trends to monitor include:
- Potential shifts in consumer preferences affecting demand.
- Evolving trade policies influencing import-export balances.
- Environmental factors impacting tea crop yields and availability.
- Technological advancements in supply chain management that could mitigate declining trends.
