In 2023, the re-import of coffee, tea, mate, and spices to the UK stood between the forecasted figures for 2024 and 2028. Starting from 2024, the forecast projects a steady decline in the value of these imports, with a year-on-year percentage decrease reflecting a consistent downward trend. Over the span from 2024 to 2028, the compound annual growth rate (CAGR) shows a negative average variation, indicating a continual decrease in the re-import values.
Future trends to watch:
- Changes in domestic production and consumption affecting import levels.
- Global supply chain dynamics and their impact on import prices and volume.
- Potential shifts in consumer preferences towards locally sourced or alternative beverages.