The data forecasts an increasing trend in the import of tea and mate extracts, essences, and concentrates to China, with values ascending from $29.383 million in 2024 to $34.22 million in 2028. Compared to 2023, where imports stood at $28.2 million, 2024 shows a year-on-year increase of approximately 4.2%. Each subsequent year until 2028 depicts a steady growth, affirming an upward progression in China's demand for these products. The Compounded Annual Growth Rate (CAGR) is about 3.9%, indicating a consistent annual rise across this five-year forecast period.
In the future, factors that could impact these trends include changing consumer preferences towards more health-conscious beverages, potential shifts in trade policies, and economic factors affecting domestic production and the import market. Monitoring these aspects will be vital for understanding potential opportunities and threats in this import sector in China.
