By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
DailynewsegyptDailynewsegypt
  • Home
  • Business
    BusinessShow More
    IMF reaches staff-level deal with Somalia
    IMF reaches staff-level deal with Somalia
    March 21, 2023
    HDB allocates EGP 3.85bn to sustainable financing in 2022: Chairperson
    HDB allocates EGP 3.85bn to sustainable financing in 2022: Chairperson
    March 21, 2023
    Cooperation between MSMEDA, JICA to boost competitiveness of MSMEs
    Cooperation between MSMEDA, JICA to boost competitiveness of MSMEs
    March 21, 2023
    SCZONE discusses cooperation with American-Hellenic Chamber of Commerce
    SCZONE discusses cooperation with American-Hellenic Chamber of Commerce
    March 21, 2023
    EFG Hermes concludes valU’s 4th issuance in a securitized bond worth EGP 856.5m
    EFG Hermes concludes valU’s 4th issuance in a securitized bond worth EGP 856.5m
    March 21, 2023
  • Politics
    PoliticsShow More
    Shoukry confirms Egypt's full support to COP28 in UAE
    Shoukry confirms Egypt’s full support to COP28 in UAE
    March 21, 2023
    Egypt’s GAH, WHO discuss cooperation in health sector
    Egypt’s GAH, WHO discuss cooperation in health sector
    March 21, 2023
    Egypt, Turkey are not competitors in Libya: FM Cavusoglu 
    Egypt, Turkey are not competitors in Libya: FM Cavusoglu 
    March 21, 2023
    Chinese President Xi Jinping said on Tuesday that China is ready to expand cooperation with Russia during his meeting with Russian Prime Minister Mikhail Mishustin.
    Xi says China to expand cooperation with Russia in trade, investment, supply chain, mega projects, energy, hi-tech
    March 21, 2023
    Egypt’s Irrigation Minister heads to New York for UN water meeting 
    Egypt’s Irrigation Minister heads to New York for UN water meeting 
    March 21, 2023
  • Interviews
    InterviewsShow More
    Government should help Egyptian arts revive its pioneering role: Omar Abdel Aziz
    Government should help Egyptian arts revive its pioneering role: Omar Abdel Aziz
    March 15, 2023
    Interconnected healthcare systems in Africa require political will from North African leaders: Amref official
    Interconnected healthcare systems in Africa require political will from North African leaders: Amref official
    March 12, 2023
    EGX ready for government’s IPOs programme: Chairperson
    EGX ready for government’s IPOs programme: Chairperson
    February 15, 2023
    British International Investment invests $4.5bn in 700 businesses across Africa: Sherine Shohdy
    February 15, 2023
    Valeo has invested around €0.5bn in Egypt over the past 10 years: CEO
    Valeo has invested around €0.5bn in Egypt over the past 10 years: CEO
    December 27, 2022
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Reading: Coffee across globe: 1.8% more production, 5.7% more consumption in 2018
Share
Notification
Latest News
IMF reaches staff-level deal with Somalia
IMF reaches staff-level deal with Somalia
Business
HDB allocates EGP 3.85bn to sustainable financing in 2022: Chairperson
HDB allocates EGP 3.85bn to sustainable financing in 2022: Chairperson
Business
Shoukry confirms Egypt's full support to COP28 in UAE
Shoukry confirms Egypt’s full support to COP28 in UAE
Politics Egypt
Egypt’s GAH, WHO discuss cooperation in health sector
Egypt’s GAH, WHO discuss cooperation in health sector
Politics Egypt
American University in Cairo (AUC) launches Excellence Scholarship Program to support outstanding students
AUC launches Excellence Scholarship Program to support outstanding students
Society in depth
Aa
Aa
DailynewsegyptDailynewsegypt
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Have an existing account? Sign In
Follow US
  • Advertise
© 2023 DNE News. All Rights Reserved.
Dailynewsegypt > Blog > Business > Coffee across globe: 1.8% more production, 5.7% more consumption in 2018
BusinessIn Focus

Coffee across globe: 1.8% more production, 5.7% more consumption in 2018

Reem Hosam El-din
Last updated: 2018/10/29 at 4:30 PM
By Reem Hosam El-din 4 Min Read
Share
SHARE

The world loves coffee. This is something everybody knows. That warm tingle in your stomach in the morning, the smell of the freshly-brewed beans at your favourite coffee shop, and the varying kinds of coffee, welcoming all kinds of coffee drinkers every day, and everywhere.

However, some countries are more obsessed about their hot morning drink than others. Coffee consumption across the world has always been interesting to look at, as well as coffee production.

On the 1st of October of each year, the world celebrates ‘International Coffee Day’, making it a good opportunity to look at the figures and understand the world’s coffee consumption, production trends, and to dig deeper into that delicious world.

When it comes to countries that produce coffee, Brazil has the lion’s share as the world’s largest exporter. It ships about 5.7bn pounds of grounds each year, the Telegraph reported. It has managed to remain in its position as a main exporter for over 150 years, supplying about 80% of the world’s coffee in 1920s. However, that figure has recently fallen to around a third. The second largest exporting country is Vietnam, exporting 3.6bn pounds each year, followed by Colombia with 1.8bn pounds, Indonesia with 1.5bn pounds and Ethiopia with 847m pounds.

According to a September 2018 report by the International Coffee Organization (ICO):

“Global coffee production has seen some changes, including changes in prices. World production in coffee, in 2017/18 is an estimated 5.7% higher with a total output of 164.81m bags. Arabica increased by 2.2% to 101.82m and Robusta by 11.7% to 62.99m bags. The larger supply in coffee for year 2017/18 is reflected in increased shipments in August 2018, as global exports increased 6.3% to 11.1m bags compared to August 2017. For coffee in 2017/18, world consumption is estimated 1.8% higher at 162.23m bags, but coffee production exceeded this by 2.58m bags. This surplus has contributed to the low prices this season. The ICO composite indicator fell to 98.17 US cents/lb. in September 2018, 4.1% lower than in August 2018, the lowest monthly average since October 2006 when it reached 95.53 US cents/lb. Prices for all group indicators fell for the fourth consecutive month in September 2018. The largest decrease occurred in the average price for Robusta, which fell by 5% to 76.70 US cents/lb. followed by a decline of 4.4% to 99.87 US cents/lb. for Brazilian Naturals.”

As for coffee consumption, the Telegraph has reported that Finland has the highest coffee consumption rates, reaching 12kg per capita per year, followed by Norway at 9.9kg, Iceland at 9kg, Denmark at 8.7kg, and the Netherlands at 8.4kg. The US ranks 26th and the UK ranks 45th on that list.

Noteworthy, the leading company in the black coffee market is Starbucks, followed by UCC, Pacific Coffee and Chameleon.

On the other side of the globe, specifically in Egypt, Egyptians’ consumption of coffee spiked in 2018, reaching about 45,000 tonnes of coffee during the first half of the year, compared to 40,000 tonnes in 2017. This is according to a report issued by the Coffee Division at Cairo’s Chamber of Commerce, showing a 30% increase in demand for coffee, especially following the month of Ramadan.

Egypt imports 100% of its coffee, with 70% of from Indonesia, given the reasonable price and good quality.

The global trends of coffee production and consumption across the world may keep changing, but one thing is for sure, coffee is popular and is not going anywhere anytime soon.

You Might Also Like

IMF reaches staff-level deal with Somalia

HDB allocates EGP 3.85bn to sustainable financing in 2022: Chairperson

Cooperation between MSMEDA, JICA to boost competitiveness of MSMEs

SCZONE discusses cooperation with American-Hellenic Chamber of Commerce

EFG Hermes concludes valU’s 4th issuance in a securitized bond worth EGP 856.5m

TAGGED: coffee
Share this Article
Facebook Twitter Email Print
Previous Article Amid fears of ‘toxic speech’ far-right Jair Bolsonaro wins Brazil’s presidential election
Next Article Enara Capital negotiates with government to set up 200MW solar power plants
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Ad image

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe

Latest News

IMF reaches staff-level deal with Somalia
IMF reaches staff-level deal with Somalia
Business
HDB allocates EGP 3.85bn to sustainable financing in 2022: Chairperson
HDB allocates EGP 3.85bn to sustainable financing in 2022: Chairperson
Business
Shoukry confirms Egypt's full support to COP28 in UAE
Shoukry confirms Egypt’s full support to COP28 in UAE
Politics Egypt
Egypt’s GAH, WHO discuss cooperation in health sector
Egypt’s GAH, WHO discuss cooperation in health sector
Politics Egypt
//
Egypt’s only independent daily newspaper in English. Discuss the country’s latest with the paper’s reporters, editors, and other readers.

Quick Link

  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

© 2023 DNE News. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?