COVID19 Impact on Global Coffee Sector - Brief Analysis
Updated: Sep 24, 2020
Over the years the Coffee Industry has grown a lot, Coffee is the third most popularly consumed beverage in the entire world. Also, the Coffee industry has one of the top commodities worldwide. Coffee is an important beverage in most societies around the globe. Not only for consumers' delight of drinking it but also for its economic value for the coffee bean producing and exporting countries (such as Indonesia). Coffee is the second most traded commodity on the planet with more than nine billion kilograms (19 billion pounds) being produced annually.
More than 70 countries produce coffee, but Brazil, Vietnam, Colombia, Indonesia, and Ethiopia are the key contributors to the Trade. Here’s is a brief analysis of Top Coffee producing Countries of the year 2019 1. Brazil
Brazil is controlling more than 30% of coffee production globally, it is one of the largest coffee producers in the world. Brazil Coffee Brands are passionate about making the best Coffee.
Brazil has 14 different regions where coffee is produced. Brazil Exported a record of 61.6 million bags in the year 2018 however the number fell to 49 million bags in 2019 but still, Brazil counted as the highest coffee producers worldwide. The total exported quantity was 2,216,537 Tons in 2019.
The US is the main importer of Brazilian coffee. The US bought more than 7 billion bags in 2018 and this number increases each passing year. Germany, Italy, and Japan are also the major destinations of Brazilian coffee.
Download Coffee Export Report 2020 Sample of Brazil Export Data
Vietnam is the 2nd largest coffee producer in the world after Brazil. Over the past several decades, coffee production in Vietnam has developed a lot and it brings millions of dollars in revenue each year.
Vietnam is the major source of Robusta coffee for many large coffee roasters and it gives more than 40% of global output in the 2019-2020 marketing years. Vietnam experienced a rapid expansion in coffee production from 6000 tons in 1975 to almost 2 million tons in 2016.
Since the 1990s Vietnam has emerged as a major player in the global coffee industry. And Vietnam exported qty was 1,434,814 tons in the year 2019.
Download Coffee Export Report 2020 Sample of Vietnam Export Data
Colombia is sitting at number 3 in coffee production after Brazil and Vietnam. Colombia is renowned for its quality coffee. It produces approx. 810000 tons of coffee beans per year and major importers are the US, Germany, France, Italy, and Japan. The total qty of coffee was 769,050 tons in 2019.
Climate is the key contributor to produce the best quality of coffee in Colombia. In 2019 Colombian Coffee Exports grew 7% to 13.7 million 60 kg bags of green coffee from the 12.8 million bags sold abroad in 2018.
Download Coffee Export Report 2020 Sample of Colombia Export Data
Indonesia is exporting coffee since 1711. Indonesia is climatologically well suited for coffee production. It is the fourth-largest coffee producer worldwide.
Today there are more than 20 varieties of Arabica growing in Indonesia. Currently coffee is the country’s fourth most exported Agri-food after Palm oil, Fish, and crustaceans.
Worldwide coffee exports by country totaled an estimated 359,053 tons in 2019, dropping by an overall -0.9% for all coffee shippers over the five-year period starting in 2015.
Download Coffee Export Report 2020 Sample of Indonesia Export Data
Ethiopia is famous for being the birthplace of coffee. Ethiopia boasts coffee varieties that consistently rank highly among the world’s best coffees. These are often categorized by region and include Yirgacheffe, Ethiopian Harrar, Ethiopian Sidamo, Ethiopian Limu, Djimmah Coffee, Lekempti.
Ethiopia is unique among the world’s coffee-producing countries in that around 50% of the coffee it produces stays within the domestic market, for consumption by Ethiopians. Ethiopia exported 245,376 tons of coffee in 2019.
Download Coffee Export Report 2020 Sample of Ethiopia Export Data
Honduras, India, Uganda, Mexico, and Guatemala are the other major contributors to Coffee production.
How Covid-19 impacted on Coffee sector in the Year 2020
The outbreak of coronavirus has had a significant impact not only on public health worldwide but also on all stages of the supply chain and value chain of various industries. The food & beverage is one such industry that is currently experiencing impacts due to the outbreak, which was declared a pandemic by the World Health Organization (WHO) on 11 March 2020. COVID-19 pandemic is affecting the everyday lives of people and significantly impacting economies around the world. The Covid-19 pandemic is likely to have a profound impact on the global coffee sector, including production, consumption, and international trade
The spread of COVID-19 presents a significant additional challenge to the global coffee sector, which has gone through a prolonged period of low producer prices. Due to COVID 19 coffee sector experience a drastic decline globally. As per the reports coffee and tea shops are likely to witness a 15.5% sales decline globally in the month of May 2020.
Adapting to a changing market The food and beverage segment is opening up to new conventions on cleanliness and contactless conveyances, yet the lockdown presents a chance to address further, long-existing issues. We don't have the foggiest idea yet how long provisions like social detachment and the temporary closure of the hospitality sector will last. However, we do realize that there will be sure impacts on the coffee business in the coming months at a random rate, and brands as well as retailers would need to smartly fine-tune with the customer’s new propensities.
What we do know is individuals are as yet drinking coffee at the present time. With huge numbers of us working and investing more energy at home, quick rests are as significant as could be. Regardless of whether it's with associates in a virtual space, or over breakfast with family, individuals actually need to appreciate a decent mug of Coffee.
COFFEE TRADE STATISTICS 2020
COFFEE EXPORT DATA
Tradeimex team is meticulously monitoring the Export Coffee trade of Brazil, Vietnam, Colombia, Indonesia, and Ethiopia and with other countries. We have the latest statistics for the Year 2020 also. To get more updates about Brazil, Vietnam, Colombia, Indonesia, Ethiopia Export & Import during this COVID-19, subscribe to our latest Import & Export data of 2020. Get Subscribe World Coffee Export Reports of the Year 2020 with us.
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