As International Coffee Day approaches on October 1, 2024, coffee remains one of the most important global agricultural commodities. Coffee plays a vital role in the lives of millions of people, both in terms of production and consumption. It provides livelihoods for millions of farmers in many developing countries and plays a significant role in the global economy. In this report, we will examine the latest data on coffee production, the top producing and consuming countries, as well as the global production value and future projections.
First: Global Coffee Production (September 2024)
Global Coffee Production
- Quantity: According to the latest reports, global coffee production in 2024 reached approximately 10.5 million tons, equivalent to about 175 million bags (each bag weighing 60 kg).
- Value: The global coffee industry’s total value is estimated at approximately $102 billion USD in 2024, with prices continuing to rise due to climate changes and agricultural challenges in some key production regions.
Factors Affecting Production
- Climate Change: Climate change has significantly impacted coffee production in recent years. Rising temperatures and unpredictable weather patterns have reduced arable land in key growing areas, leading to reduced yields and higher prices.
- Technology and Sustainable Farming: Innovations in smart agriculture are improving productivity despite challenges. Technologies like smart irrigation and the use of disease-resistant coffee strains are becoming increasingly common in countries such as Brazil and Colombia.
Second: Top Ten Coffee Producing Countries (2024)
Here is a list of the top ten coffee-producing countries in the world for 2024, based on production quantities (in tons):
- Brazil: 3.7 million tons – Brazil remains the world’s leading coffee producer, primarily producing Arabica coffee.
- Vietnam: 1.9 million tons – Vietnam focuses on producing Robusta coffee and is the second-largest exporter globally.
- Colombia: 900,000 tons – Known for producing high-quality Arabica coffee.
- Indonesia: 740,000 tons – Primarily produces Robusta, along with some Arabica production.
- India: 375,000 tons – Produces both Arabica and Robusta coffee.
- Ethiopia: 360,000 tons – The birthplace of coffee, primarily producing Arabica.
- Honduras: 355,000 tons – The largest coffee producer in Central America.
- Uganda: 345,000 tons – Grows both Robusta and Arabica coffee.
- Peru: 280,000 tons – Known for its high-quality organic coffee production.
- Mexico: 270,000 tons – Primarily produces Arabica coffee.
Third: Top Ten Coffee Consuming Countries (2024)
Below is a list of the top ten coffee-consuming countries for 2024:
- United States: 25 million bags – The largest coffee-consuming market globally.
- Brazil: 23 million bags – Domestic demand for coffee is high, fueled by a deep-rooted coffee culture.
- Germany: 9.5 million bags – Coffee is an integral part of German culture.
- Japan: 8.5 million bags – Coffee consumption is growing rapidly in Japan.
- Italy: 7.9 million bags – Italy is famous for its specialized coffee culture, especially espresso.
- France: 7.8 million bags – Coffee is a key part of daily life in France.
- Russia: 7.3 million bags – Coffee is gaining increasing popularity, especially specialty coffee.
- Canada: 6.5 million bags – Among the largest coffee consumers in the world.
- United Kingdom: 6.3 million bags – Despite a strong tea tradition, coffee consumption is on the rise.
- Spain: 5.9 million bags – Coffee is a fundamental part of Spanish culture.
Fourth: Future Projections for the Coffee Industry
Global Demand Growth
Global coffee demand is expected to continue growing at an average rate of 3-4% annually until 2030, driven by the increasing consumption of specialty coffee and the entry of new markets in developing countries, particularly in Asia and Africa.
Future Challenges
- Climate Change: Climate change remains one of the biggest challenges facing the coffee industry. It is projected that coffee-growing areas will shrink by 2050, leading to higher prices due to reduced supply.
- Sustainability and Innovation: The future of the coffee industry depends on innovations in sustainable farming practices. Technology will help tackle climate challenges and improve productivity.
Global Prices
Coffee prices are expected to remain volatile due to climate and market fluctuations. In 2024, the average price of a pound of coffee reached approximately $2.25 USD, and prices are likely to remain high in the coming years due to supply pressures.
Conclusion
The coffee industry remains a significant global economic force and a source of livelihood for millions of people. Despite challenges such as climate change and economic fluctuations, innovations in sustainability and smart agriculture can support the future of coffee and ensure its sustainability. With increasing demand for specialty coffee and emerging markets, the coffee industry is poised to continue growing and evolving in the coming years.