The world coffee consumption is projected to grow by 3.3%, to 170.3 million 60-kg bags in 2021/22 as compared to 164.9 million for coffee year 2020/21. North American consumption of coffee is estimated to grow by 5.4% from 30.3 million bags in 2020/21 to 31.9 million bags for the current coffee year. Europe’s consumption is expected to bounce back, reaching 54.2 million bags, up from 52.0 million bags in 2020/21. Asia and Oceania’s consumption continues a steady increase, from 39.7 million bags to 40.8 million bags for coffee year 2021/22. However, growth rates in Mexico & Central America and in South America will remain low at 0.3% and 0.5% respectively. Consumption in Africa is estimated to rise by 2.4 percentage points, from 11.4 million bags in 2020/21 to 11.7 million bags for the 2021/22 coffee year.
The production-consumption gap for 2021/22 is therefore estimated to be negative at 3.1 million bags. The balance has changed mainly due to a significant revision of Venezuela’s consumption, but the overall trend might contribute to running down stocks, as consumption outpaces production for the 2021/22 coffee year.
https://www.ico.org/documents/cy2021-22/cmr-0222-e.pdf?utm_source=Public+List+-+GDPR+opt+in&utm_campaign=179089ca8f-Coffee+Market+Report+November+2020+%28Public%29_COPY_0&utm_medium=email&utm_term=0_903c73feb9-179089ca8f-422170981&mc_cid=179089ca8f&mc_eid=88c6a679bc
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