The forecast for Canada's mate and tea export volume from 2024 to 2028 shows a gradual decline. The export volume is expected to decrease from 49.5 thousand metric tons in 2024 to 48.14 thousand metric tons by 2028. Comparing to 2023, the actual data stood at a slightly higher level before this declining trend began. The year-on-year variations indicate a consistent decrease, highlighting a shift in the market dynamics over the upcoming years. Over the five-year period, the compound annual growth rate suggests a slow contraction in the export volume.
Future trends to watch for include:
- Changes in global tea consumption patterns that could alter demand.
- Trade agreements or regulations impacting export dynamics.
- New market entrants or product innovations influencing competitive landscape.
- Economic factors and domestic policy changes affecting production costs.
