Will coffee prices go up in 2024?
Heat, drought and other poor weather conditions have hurt coffee production globally in recent years, causing prices to surge. World coffee prices rose nearly 40% in 2024, according to the Food and Agriculture Organization of the United Nations. In conclusion, the Coffee market in Worldwide is experiencing growth and development due to changing customer preferences, including a shift towards premium and specialty coffee, the increasing demand for sustainable and ethically sourced coffee, and the convenience of ready-to-drink coffee products.Brazil is the world’s largest coffee producer. Brazil produces almost one-third of the world’s coffee, with 3,558,000 metric tonnes (7,844,000,000 pounds) produced. Coffee beans can be classed into four types: Arabica, Robusta, Liberica, and Excelsa.Coffee prices skyrocket Earlier this year, global prices hit record highs due to supply issues in major producing countries such as Brazil and Vietnam. At the same time, U. S. Brazil have upended the global coffee market, pushing prices upwards.The top 10 coffee exporter countries according to the coffee shipment data and coffee export data by country for 2024 include: Brazil: $7. Switzerland: $3. Germany: $3.
What is the coffee trend in 2024?
As we embrace 2024, the coffee landscape evolves with sustainability, specialty craftsmanship, AI integration, functional innovation, and the timeless charm of cold brew. These trends promise a future where coffee is a holistic experience, reflecting values, preferences, and endless possibilities. Gen Z, in particular, is turning away from black coffee in favour of more creative and indulgent alternatives. A 2024 survey reveals a marked decline in the consumption of black coffee among Americans, with only 18% of them preferring to drink their coffee black – a 56% decrease from 2022.Here are a few of the Gen Z coffee trends influencing global coffee culture in 2025: Cold brew keeps it cool: Iced coffee trends have been enjoying an extended stay in the limelight, with many Gen Zers enjoying convenient cold-brew beverages year-round.
Is coffee a good investment now?
The coffee market is one of the most active commodity markets in the world, with an estimated 2. The demand for coffee is expected to continue to grow, making it an attractive investment for those looking for long-term growth opportunities. Heat, drought and other poor weather conditions have hurt coffee production globally in recent years, causing prices to surge. World coffee prices rose nearly 40% in 2024, according to the Food and Agriculture Organization of the United Nations.The correction in coffee prices is mainly driven by the latest forecasts of rainfall in Brazil, which have eased concerns about a prolonged drought and potential supply constraints. Positive news also came from Vietnam, the world’s second-largest coffee producer, where tropical storm Fengshen is expected to weaken.After facing low harvests and high prices in the spring of 2025, coffee prices are dramatically decreasing.Sustained high green coffee prices have been a defining factor of the coffee industry in 2025. In early February, arabica futures surged to their highest-ever levels, reaching US$4. September.
What is the outlook for coffee prices?
Coffee is expected to trade at 407. USd/Lbs by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 448. Largest coffee chains by revenue in the U. S. Starbucks: $31. Dunkin’: $11.