Countries that control the mood of the world.. What is the relationship between coffee beans?
Coffee is the master of people's mood as it is the most preferred caffeinated beverage in the world, so October 1st of every year is designated as International Coffee Lovers Day.
Coffee, as one of the most traded food commodities in the world, offers various options as a project and can be prepared in different ways, hot or cold, and consuming it in moderation contributes not only to improving a person’s general mood but also to his physical health.. Who controls the coffee markets?
The popularity of coffee enhances its value globally
Billions of cups of coffee are consumed daily around the world. This mood-enhancing drink is of great importance in the contemporary lifestyle of most people. This widespread popularity has pushed the size of the global coffee market over the past year to $127 billion, with expectations that it will grow at a compound annual rate of 4.6. % and 6.7% during (2023-2028), according to forecasts by the German market research company Statista.
According to recent estimates by France-based Reboot Linker, the size of the global coffee market is expected to decline to $51.33 billion by 2028, under pressure from factors the most important of which is a decline in production due to climate change.
The top 5 coffee exporting countries
During the past year, total global coffee exports amounted to about $46.3 billion, reflecting a growth of 27.4% compared to the year 2021, and by about 52% compared to the year 2017.
Only 5 countries dominated 49% of total coffee exports during 2022: Brazil, with a share of $8.5 billion, about 18% of global exports, then Colombia, with $4.1 billion (8.8%), and Switzerland, with $3.4 billion (7.4%). %), Germany with $3.39 billion (7.3%), and Vietnam with $3.23 billion, equivalent to 7% of the volume of global exports.
The largest coffee producers
Among the most consumed types of coffee in the world are Arabica and Robusta, and Brazil is not only the largest exporter of coffee in the world, but also the largest producer of coffee beans or coffee, specifically Arabica or Arabica, which makes it the holder of the highest market share in the coffee industry globally.
Brazil has been on the throne of the largest coffee producers in the world for more than 150 years, and produces an average of 2.68 million tons annually, followed by Vietnam on the list of the largest producers of coffee, producing more than 1.5 million tons annually, and contributing 40% of the world’s total production of Robusta beans.
In third place comes Colombia with a production of more than 760 thousand tons, then Indonesia with more than 668 thousand tons, Honduras with more than 475 tons and Ethiopia with 421 thousand tons annually.
The largest consuming countries and peoples
The United States is the largest coffee consuming country in the world, and its coffee consumption reaches 26.7 million bags of coffee annually, weighing 60 pounds per bag, followed by Brazil with 22 million bags annually and Germany with 8.7 million bags.
In terms of per capita, Finland is the country that consumes the most coffee, with an average of 4 cups per day per person, or 26 pounds per year per person, followed by Norway with an average of 22 pounds, Denmark with 20 pounds, and Iceland with 19.8 pounds per capita. (One-pound equals about 0.45 kilograms).