As of 2024, the UK's import of black tea in packages less than 3 kg is forecasted to reach $54.7 million, increasing to $58.6 million by 2028, reflecting a steady annual growth. Up from its standing in 2023 at $53.8 million, this signifies a year-on-year growth rate averaging approximately 2%.
The compound annual growth rate (CAGR) from 2024 to 2028 is expected to be around 1.75%, indicating a consistent rising trend in imports for this segment.
Future trends to watch:
- Changing consumer preferences towards specialty and organic teas could further boost imports.
- The volatile global economy may impact currency exchange rates and import costs, influencing pricing strategies.
