European Coffee Federation Releases Comprehensive Green Coffee Stock Data for 2024
The European Coffee Federation (ECF) has released its bi-monthly report on green coffee stocks across major European ports. With Europe being the largest coffee market and producer globally, this data is crucial for understanding market trends and ensuring transparency for stakeholders in the coffee industry. The report, spanning January to June 2024, provides insights into the levels of Robusta, Natural Arabica, and Washed Arabica, as well as overall stock trends.
2024 Stock Trends: Green Coffee in Numbers
The report highlights significant changes in green coffee stock levels across the first half of 2024. Here’s a detailed breakdown:
Month | Robusta (tons) | Natural Arabica (tons) | Washed Arabica (tons) | Total Europe (tons) |
---|---|---|---|---|
31-Jan-24 | 124,156 | 125,653 | 162,140 | 411,949 |
29-Feb-24 | 114,117 | 126,150 | 161,520 | 401,787 |
31-Mar-24 | 107,661 | 111,371 | 165,208 | 384,240 |
30-Apr-24 | 135,387 | 119,781 | 169,692 | 424,860 |
31-May-24 | 174,993 | 134,313 | 173,549 | 482,855 |
30-Jun-24 | 183,755 | 141,523 | 179,368 | 504,647 |
Key Observations
- Robusta Coffee:
- Starting at 124,156 tons in January, Robusta stocks showed a substantial increase to 183,755 tons by June, marking a growth of 48.1%.
- Natural Arabica Coffee:
- Stocks fluctuated, beginning at 125,653 tons in January and reaching 141,523 tons in June, representing a 12.6% increase.
- Washed Arabica Coffee:
- Steady growth was recorded, with stocks climbing from 162,140 tons in January to 179,368 tons in June, an increase of 10.6%.
- Total European Stocks:
- Overall, total green coffee stocks increased by 22.5%, rising from 411,949 tons in January to 504,647 tons in June.
A Year-on-Year Perspective
The data also reveals significant year-on-year trends:
- January Stocks:
- January 2022: 708,988 tons.
- January 2023: 703,478 tons.
- January 2024: 411,949 tons.
- A notable decline in January stocks over the years underscores challenges such as global supply chain issues and changing market demands.
- Seasonal Patterns:
- Stock levels typically increase mid-year, aligning with harvest and shipping periods. The substantial growth in Robusta and Washed Arabica stocks by June reflects this pattern.
Ports Leading the Coffee Trade
The data covers major European ports, which serve as crucial hubs for coffee trade. The report consolidates information from:
- Antwerp
- Hamburg
- Le Havre
- Barcelona
- Trieste
- Genoa
- Napoli
- Tallinn
- London
- Felixstowe
- Bremen (partially).
These ports contribute both ICE-certified and non-exchange stocks, providing a holistic view of the green coffee landscape.
Implications for the Coffee Industry
The data serves as a valuable resource for stakeholders, enabling them to:
- Forecast market trends and manage supply chains.
- Enhance transparency in the coffee trade.
- Strengthen the connection between producers, manufacturers, and consumers.
The report is not just a snapshot of stock levels but an essential tool for analyzing historical trends, understanding market behaviors, and fostering sustainability within the coffee industry.
Future Updates
The European Coffee Federation has scheduled the next report for September 30, 2024. This continued transparency aims to further support the industry in navigating evolving market dynamics.
For more detailed statistics and to access the full report, visit the European Coffee Federation’s official website.
- By : Qahwa World
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