In the last five years, the average price of coffee exported by countries in the region fell by 33%, going from $226 to $151.
Figures from the information system on thethe Coffee market in Central America, compiled by the Business Intelligence Unit atCentralAmericaData: [GRAFICA caption = "Click to interact with the graph"]
Between January and September 2016 the region exported 664,000 metric tons of coffee, 5% more than in the same period in 2015.
Figures from the information system on thecoffee market in Central America complied by the Business Intelligence Unit at CentralAmericaData: [Figure caption = "Click to interact with graphics"]
The climate in Brazil was the main factor affecting the behavior of the international price of the grain in January, starting the month high and closing at $143.43 per pound.
From the Coffee Market Report - January 2015 by the International Coffee Organization (ICO):
Dry weather in Brazil at the beginning of January spurred prices higher, with the daily price of the ICO composite indicator rising from 140.57 US cents/lb to a high of 155.40 by the middle of the month. However, forecasts of rain later in the month punctured this brief rally,causing the ICO composite to fall back down to 143.43 cents by the end of January.Nevertheless, overall rainfall levels in Brazil remain below average, with the development of the 2015/16 crop now at a crucial stage. Furthermore, an infestation of coffee berry borer has led to a state of phytosanitary emergency being declared in the states of São Paulo and Espírito Santo.
In 2012 the Arab country consumed more than eight million metric tons of coffee, 2.4% more than the previous year.
From a statement issued by the Foreign Trade Promotion Office of Costa Rica (Procomer):
In the United Arab Emirates (UAE) more coffee was consumed than anywhere else in the Gulf, which registered an increase of 85% in the past three years, according to the latest statistics from the International Coffee Organization (ICO).
Increased purchasing power has triggered the consumption of coffee in the leading producers in the world, Colombia, Brazil and Vietnam, raising its international price.
The three countries which together produce 60% of the grains consumed in the world, are increasing their local consumption of coffee, putting pressure on the export supply and raising grain prices around the world.
The arrival of international brands of coffee and more interest in new flavors has resulted in a significant increase in the consumption of gourmet coffee and beans.
From a statement issued by the Costa Rican Foreign Trade Promotion Office:
Factors such as increased purchasing power, palates with more interest in new flavors and the entry of major coffee chains such as Starbucks, have resulted in significant growth in Chile, in the consumption of gourmet coffee beans, which has almost doubled in the past two years.
Sales of the grain up to June 2013 increased from 173,075 bags weighing 60 kilos to 303,642 bags up to the same month this year.
The Nicaragua Center for Exports said that while the annual change was positive, "... the exports accumulated in the first nine months of the current cycle 2013/14 compared to the same period of the previous crop fell by 15% to 1.29 million bags weighing 60 kilos. "
At the moment there is no external force driving significant growth in the price of coffee, expectations are between $123 up to December and $130 up to July, 2014.
The impact caused by the rust blight, rain and depreciation of currencies which forced a cut in coffee production worldwide will not be strong enough to push up the price of coffee.
In the case of Brazil, world's largest producer of coffee, weakening of its currency has boosted exports of grain, the Brazilian real experienced a contraction of 9.4% in the second quarter of this year.
The price indicator of the ICO composite fell by 1.4% in April, despite a brief recovery having been observed at mid-month, and recorded the lowest monthly average in three years.
From the monthly report on the coffee market up to April 2013 by the International Coffee Organization:
Price Development
The price of the ICO composite indicator continued to decline in April 2013 and was on average of 129.55 U.S.
The variety of coffee which is considered the best quality, is starting to have disadvantages compared to the robusta variety, both due to changes in consumer trends, as well as price.
This is the warning given by experts who gathered in Sao Paulo, Brazil. According to the manager of the research firm Olam Europe, Neil Rossner, the Central American countries affected by the rust blight, "failed to meet the challenge presented by Brazil and Vietnam", the world's largest producers of grain. "The Arabica segment is in crisis and the gourmet coffee strategy is threatened," he added.
In South Korea per capita consumption of coffee is five times greater than that of other countries in the Asia – Pacific region.
According to a recent USDA report from the United States, per capita coffee consumption in South Korea is 5 times greater than that of other countries in the Asia – Pacific region. In 2012 this market in South Korea was quantified in $3 billion.