The coffee industry is on the brink of significant transformation as the International Coffee Organization (ICO) updates its market share and group weightings for the 2024/25 and 2025/26 coffee years. These changes, effective from October 1, 2024, provide valuable insights into shifting dynamics within the global coffee trade and its future trajectory.
The updated weightings reflect adjustments to production, consumption, and export trends among key coffee-producing regions and consumer markets. They underline the increasing influence of emerging economies in both production and demand, while established markets continue to adapt to evolving consumer preferences.
One notable highlight is the growing contribution of countries traditionally seen as “non-traditional” coffee markets. These regions are gaining prominence as both exporters and consumers, signaling a diversification in the global coffee ecosystem. This shift challenges traditional trade flows and necessitates innovation and collaboration among industry stakeholders.
The weightings also highlight the growing demand for specialty coffee and sustainable practices, aligning with broader industry efforts to adopt circular economy models and address climate challenges. Producers are under pressure to meet these demands while maintaining competitiveness in a volatile market environment.
For exporters and traders, these changes offer an opportunity to refine strategies. Adapting to the revised weightings can help businesses align with emerging markets, capitalize on growth areas, and mitigate risks associated with traditional markets facing saturation or economic slowdowns.
As the industry navigates these transitions, the ICO’s updated framework provides a roadmap for stakeholders to understand and anticipate the forces shaping the global coffee market. The coming coffee years are set to bring opportunities and challenges that will redefine the landscape for producers, exporters, and consumers alike.