In 2023, Brazil's imports of tea and mate extracts, essences, and concentrates were approximately at the same level as the forecasted value for 2024, suggesting consistent import volume. The data indicates a steady increase in the forecasted import values from 2024 to 2028, with a compound annual growth rate (CAGR) over this period being positive. Year-on-year growth from 2024 to 2028 shows modest increases, reflecting a stable upward trend in importation demand.
Future trends to watch for:
- The potential impact of changing consumer preferences towards health and wellness, potentially boosting demand for tea and mate.
- Economic factors such as exchange rates and tariffs could affect import levels, influencing these forecasts.
- Monitoring global production outputs of tea and mate, as they could impact supply chains and import needs.