Picture a world where over 125 million livelihoods depend on the humble coffee bean, a global powerhouse that produced a staggering 171.4 million bags last year, fueled every day by the 66% of Americans who can't start their morning without a cup.
Key Takeaways
- Global coffee production in 2023/24 was 171.4 million 60-kg bags
- Brazil produced 66.3 million bags of coffee in 2023/24
- Vietnam's coffee production reached 29.1 million bags in 2023/24
- World coffee consumption in 2023/24 was 170.8 million bags
- US coffee consumption 26.2 million bags in 2023/24
- EU consumption 44.5 million bags in 2023/24
- Global coffee market size $132.13 billion in 2023
- US coffee market revenue $19.5 billion in 2023
- Coffee prices averaged $1.65/lb for Arabica in 2023
- Global coffee exports 2023/24 132.1 million bags
- Brazil exported 44.9 million bags in 2023/24
- Vietnam exports 28.8 million bags in 2023/24
- 125 million people depend on coffee for livelihood
- 50% of coffee production at risk from climate change
- Organic coffee market growing 10% annually
Global coffee production nears 172 million bags, with Brazil and Vietnam leading major worldwide cultivation and consumption.
Consumption
- World coffee consumption in 2023/24 was 170.8 million bags
- US coffee consumption 26.2 million bags in 2023/24
- EU consumption 44.5 million bags in 2023/24
- Brazil domestic consumption 22.3 million bags in 2023/24
- Japan consumption 7.5 million bags in 2023/24
- Per capita consumption in Finland 12.0 kg/year
- US adults drink average 3.1 cups of coffee per day
- 66% of Americans drink coffee daily
- US consumption growth 2% YoY 2023
- Specialty coffee 50% of US market
- Ready-to-drink coffee sales up 12% in 2023
- Millennials prefer cold brew 30% more
- Europe per capita avg 5.3 kg/year
- China consumption up 15% YoY
- Gen Z 40% prefer sustainable coffee
- Home brewing 70% US consumption
- Russia consumption 3M bags
- South Korea 2.5M bags imported
- Instant coffee 25% global consumption
- Roasted 45%, green 30% trade
- Canada consumption 1.8 kg/capita
- Australia RTD growing 10%
- UK coffee shops 25K outlets
- Espresso based drinks 40% cafe sales
- Norway per capita 9.9 kg/year
- Denmark 8.7 kg/capita
- Netherlands 8.3 kg/capita
- Germany 6.9 kg/capita
- Austria 7.9 kg/capita
Consumption Interpretation
While the Finns lead the world by mainlining espresso at a staggering 12kg per person, the global coffee story is one of America's steady drip of 3 cups a day fueling half a specialty market, China's explosive growth, and a generation demanding their cold brew both craft and conscientious.
Market Economics
- Global coffee market size $132.13 billion in 2023
- US coffee market revenue $19.5 billion in 2023
- Coffee prices averaged $1.65/lb for Arabica in 2023
- Robusta prices reached $2,200/MT in 2024 peak
- Starbucks revenue $36 billion in FY2023
- Cold coffee market $20B by 2025
- Nestle Nespresso revenue $7B
- Coffee futures traded 5M contracts 2023
- Roaster margins avg 15-20%
- Price volatility up 50% past decade
- Capsule coffee sales $15B global
- Coffee shop market $100B+
- Global revenue forecast $155B 2025
- JDE Peet revenue €8B
- Lavazza sales €2.2B
- Volatility index coffee 30%
- E-commerce coffee sales up 20% post-COVID
- Private label 30% supermarket share
- Premium segment CAGR 7%
- Hedge funds hold 20% coffee futures
- Keurig pods 13B units/year US
- Dunkin revenue $1.4B coffee
- Tim Hortons 4K stores Canada
- Arabica futures $2.20/lb avg 2024
Market Economics Interpretation
The global coffee industry is a wildly frothy, $132 billion blend of corporate titans, volatile beans, and relentless innovation, proving that humanity runs not on sleep but on the promise of the next perfect cup.
Production
- Global coffee production in 2023/24 was 171.4 million 60-kg bags
- Brazil produced 66.3 million bags of coffee in 2023/24
- Vietnam's coffee production reached 29.1 million bags in 2023/24
- Colombia produced 12.4 million bags in 2023/24
- Indonesia's output was 9.0 million bags in 2023/24
- Arabica production totaled 91.0 million bags in 2023/24
- Robusta production was 80.4 million bags in 2023/24
- Ethiopia produced 8.3 million bags in 2023/24
- Honduras output at 5.7 million bags in 2023/24
- Uganda produced 6.0 million bags in 2023/24
- Peru's production was 4.1 million bags in 2023/24
- India output 3.6 million bags in 2023/24
- Global coffee area harvested was 11.2 million hectares in 2023/24
- Brazil's coffee area was 2.2 million hectares in 2023/24
- Vietnam harvested 0.7 million hectares in 2023/24
- Yield in Brazil averaged 1,297 kg/ha for Arabica in 2023/24
- Colombia's yield was 935 kg/ha in 2023/24
- Global coffee stocks at end of 2023/24 estimated at 59.8 million bags
- Brazil ending stocks 17.5 million bags in 2023/24
- Vietnam ending stocks 5.2 million bags in 2023/24
- Brazil production 2022/23 64.9 million bags
- Global production forecast 2024/25 177.4 million bags
- Vietnam Robusta dominant 95% of output
- Ethiopia heirloom varieties unique
- Central America production 18 million bags annually avg
- Honduras production 5.8M bags 2023/24
- Yield decline 10% due to climate
- Africa produces 12% global coffee
- Asia-Pacific 40% production share
- Latin America 60% production
- Uganda production growth 5% annual
- Peru organic coffee leader
- India Robusta 70% output
- Mexico production 4M bags
- Guatemala 3.5M bags annually
- Costa Rica 100% sustainable by 2025 goal
- Nicaragua production 2.5M bags
- Tanzania 1.2M bags output
- Kenya auction prices premium 20%
- Côte d'Ivoire Robusta 2M bags
- Panama Geisha record $1,300/lb
- El Salvador boutique growth
- Rwanda post-genocide 0.4M bags
- Burundi 0.6M bags washed Arabica
Production Interpretation
It appears the world runs on a delicate, caffeinated ecosystem where Brazil single-handedly manages global productivity with a farmer's diligence, Vietnam supplies the necessary gritty backbone of our espressos, and the rest of the planet meticulously crafts the nuanced flavors and sustainability goals that keep the entire, slightly jittery, enterprise from collapsing.
Sustainability Trends
- 125 million people depend on coffee for livelihood
- 50% of coffee production at risk from climate change
- Organic coffee market growing 10% annually
- 40% of coffee farms lack access to finance
- Rainforest Alliance certifies 10% of global coffee
- Fairtrade premium $1.40/bag Arabica
- Women comprise 30% coffee workforce
- Shade-grown coffee benefits biodiversity
- Global RTD coffee CAGR 6.5% to 2030
- Direct trade 15% specialty market
- Carbon footprint 0.2-0.5 kg CO2/cup
- Water use 140L per cup coffee
- Fair trade certified 1M tons cumulative
- UTZ certified merged into Rainforest
- Climate resilient varieties 20% adoption
- Single origin coffee 25% premium market
- Blockchain traceability 5% supply chain
- Regenerative ag 10% pilot farms
- Deforestation rate coffee lands 2%/year
- Women in leadership coffee co-ops 25%
- Solar dryers reduce losses 15%
- Plastic-free packaging 30% brands 2024
Sustainability Trends Interpretation
While the future of coffee percolates with challenges—from climate change threatening livelihoods to gender imbalances and environmental costs—our collective caffeine craze is also brewing a more sustainable, equitable, and innovative industry from bean to cup.
Trade Exports
- Global coffee exports 2023/24 132.1 million bags
- Brazil exported 44.9 million bags in 2023/24
- Vietnam exports 28.8 million bags in 2023/24
- Colombia exports 12.4 million bags in 2023/24
- Germany imported 22.3 million bags in 2023/24
- US imports 26.0 million bags in 2023/24
- Indonesia exports 4.5M bags 2023
- Italy imports 6M bags annually
- Export value $30B annually
- Netherlands re-exports 20% global coffee
- Belgium imports 8M bags/year
- Switzerland imports 2M bags/capita equiv
- Japan imports 7.5M bags
- Uganda exports 5.8M bags
- Ecuador exports 0.5M bags specialty
- Sweden per capita 8.1 kg highest EU
- France imports 5.5M bags
- Spain imports 4M bags
- Portugal high per capita 7kg
- Honduras exports 4.5M bags
Trade Exports Interpretation
Brazil holds the coffee crown by exporting enough beans to make the entire planet slightly twitchy, but the real power sits with Germany and the US, who import mountains of beans they didn’t grow, proving that the most valuable part of the supply chain is a strong caffeine addiction.
Sources & References
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