Tea Market Overview in Canada
The size of the tea market in Canada contracted modestly to $ in 2018, approximately mirroring the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2010 when the market value increased by % y-o-y. Tea consumption peaked at $ in 2013; however, from 2014 to 2018, consumption failed to regain the momentum.