The Mate and Tea Market in Brazil has seen fluctuations over the past decade. In 2023, the market stood at 414 thousand metric tons, with a slight year-on-year decrease of 0.48%. Looking over the past five years, the compound annual growth rate (CAGR) averaged at -0.57%, indicating a gradual decline. The year 2020 saw a significant drop of 17.2%, but 2021 experienced a robust recovery with a 19.91% increase.

Future Trends to Watch For:

A continued modest decline is expected with a forecasted 5-year CAGR of -0.34% up to 2028.
Monitor developments in consumer preferences towards health and wellness, which could impact demand.
Stay alert to economic and environmental factors that could influence tea and mate production and pricing in Brazil.