Forecast: Import of Tea and Coffee to the UK

The import of tea and coffee to the UK is forecasted to grow steadily from 2024 to 2028. Based on the data, the volume of imports is expected to increase from 136.63 million kilograms in 2024 to 149.12 million kilograms in 2028. This indicates a consistent year-on-year growth.

In 2023, the actual import volume stood at 133.5 million kilograms. Comparing it to the forecasted value for 2024, the year-on-year variation is approximately a 2.34% increase. For the subsequent years:

• 2024 to 2025: 2.36% increase
• 2025 to 2026: 2.25% increase
• 2026 to 2027: 2.16% increase
• 2027 to 2028: 2.07% increase

Over the last two years leading up to 2024, the import volume grew by an average yearly rate of 2.34%. Looking ahead over the next five years, the compound annual growth rate (CAGR) is projected to be around 2.24%. This indicates a stable yet moderate growth in the import volume.

Future trends to watch for:

• Global supply chain dynamics impacting import metrics.
• Changes in consumer preferences towards premium tea and coffee varieties.
• Potential impact of geopolitical events and trade policies on import volumes.