Coffee Price Trend

Coffee Prices December 2023

The price of coffee in the United States for Q4 2023 reached 4249 USD/MT in December. Whereas the price trend for coffee in China reached 3870 USD/MT in December 2023.

Coffee Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Coffee Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of coffee pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of coffee at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of coffee price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing coffee price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Coffee Market Analysis

The global coffee market size reached 10.29 Million Tons in 2023. By 2032, IMARC Group expects the market to reach 12.96 Million Tons, at a projected CAGR of 2.6% during 2023-2032.

• One of the primary factors driving the coffee market is the growing consumer demand for specialty coffee. This trend is fueled by a global shift toward premiumization, where consumers seek high-quality, unique coffee experiences over standard, mass-produced options. Specialty coffee shops, artisanal roasters, and the proliferation of coffee culture through social media have significantly contributed to this demand. Specialty coffee is characterized by its distinct flavors, origins, and brewing methods, which appeal to discerning consumers who are willing to pay a premium for superior taste and quality. According to GITNUX, the market for specialty market is projected to grow at a CAGR of 10.1% during 2021-2028. This demand has led to a surge in the number of specialty coffee shops and roasteries, which often focus on ethical sourcing, sustainable practices, and direct trade relationships with coffee farmers. These factors resonate with environmentally conscious consumers and further drive the market's growth.
• Technological advancements in coffee production have significantly contributed to the growth of the coffee market. Innovations in farming techniques, processing methods, and brewing technology have enhanced both the quality and efficiency of coffee production, making it possible to meet the increasing global demand. On the farming side, precision agriculture tools such as drones, sensors, and data analytics help farmers monitor crop health, optimize irrigation, and apply fertilizers more effectively, leading to higher yields and better-quality coffee beans. Processing innovations, such as controlled fermentation and improved drying methods, ensure that the unique flavors of the beans are preserved and enhanced, appealing to the specialty coffee market. These techniques reduce post-harvest losses and improve the overall quality of the coffee, making it more competitive in the global market.
• The growing awareness of the health benefits associated with coffee consumption is another major factor driving the coffee market. Numerous scientific studies have highlighted coffee's potential health benefits, including its antioxidant properties, ability to enhance cognitive function, and potential role in reducing the risk of certain diseases. Coffee is rich in antioxidants, which help combat oxidative stress and inflammation in the body. These antioxidants, such as chlorogenic acid and melanoidins, have been linked to various health benefits, including improved heart health and reduced risk of chronic diseases. Moreover, coffee consumption has been shown to improve cognitive function and reduce the risk of neurodegenerative diseases such as Alzheimer's and Parkinson's. The caffeine in coffee acts as a stimulant, enhancing mental alertness, concentration, and overall cognitive performance. According to the NATIONAL LIBRARY OF MEDICINE, regular coffee drinkers have a 30% lower risk of developing Parkinson's disease compared to non-drinkers.

Coffee News

The report covers the latest developments, updates, and trends impacting the global coffee market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in coffee production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the coffee price trend.

Latest developments in the coffee industry:

• 7 May 2024: NESCAFE launched premium Espresso Concentrate Coffee owing to the rapidly expanding cold coffee segment within the coffee industry.
• 5 September 2023: The SAUDI COFFEE COMPANY has launched a new coffee brand called JAZEAN, aiming to elevate Saudi coffee to a global level. The company plans to increase coffee production in Saudi Arabia and has invested $320 million in this initiative.

Product Description

Coffee is a widely consumed beverage made from the roasted seeds of the Coffea plant's berries, commonly referred to as coffee beans. Originating from tropical regions of Africa, coffee is now cultivated in over 70 countries, primarily in the equatorial regions of the Americas, Southeast Asia, India, and Africa. The process of making coffee begins with harvesting ripe coffee cherries, which are then processed to extract the beans. These beans are dried, roasted to varying degrees to develop flavor, and ground into a fine powder. The ground coffee is then brewed with hot water through methods such as drip brewing, espresso, French press, or pour-over to extract the liquid coffee.

The versatility of coffee extends beyond its role as a beverage. It is used as an ingredient in various culinary applications, including desserts like tiramisu and coffee-flavored ice cream, as well as in savory dishes and sauces to add depth and complexity. Additionally, coffee grounds are repurposed in gardening as a natural fertilizer, in beauty products as an exfoliant, and in craft projects for their rich color.

Regional Coverage

The report provides a detailed analysis of the coffee market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the coffee price trend. 

Global Coffee Price

The report offers a holistic view of the global coffee pricing trends in the form of coffee price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of coffee but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed coffee demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Coffee Price

European coffee prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.

This analysis can be extended to include detailed coffee price information for a comprehensive list of countries.

North America Coffee Price

The analysis of coffee prices in North America delves into the regional industry dynamics, encompassing the impact of local production capacities and the trade flows between North America and other significant global markets.

Specific coffee historical data within the United States and Canada can also be provided.

Middle East and Africa Coffee Price

The report explores the coffee pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on coffee prices for countries can also be provided.

Asia Pacific Coffee Price

The coffee pricing trends in Asia Pacific are examined, reflecting the role of the region as a major global production hub and consumer market, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.

This coffee price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Coffee Price

The analysis of coffee prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of coffee pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting coffee price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The coffee price charts ensure our clients remain at the forefront of the industry.