In 2023, the demand for mate and tea in Brazil stood at approximately 414.00 thousand metric tons. Looking ahead, the forecast for 2024 shows a slight decline to 412.28 thousand metric tons, with a continuous decrease projected through 2028 to 405.34 thousand metric tons. Year-on-year percentage variations show a gradual decrease, and the compound annual growth rate (CAGR) over the five-year forecast period indicates a minor average decline.
The observed trends suggest a steady yet marginal fall in demand for mate and tea in Brazil. It would be essential to watch for future trends, including shifts in consumer preferences, potential health benefits driving demand, and market strategies by leading brands focusing on innovation and sustainability, as these factors could significantly influence market dynamics.
