In 2020, Nicaragua was positioned as the largest exporter of Central America with $440.1 million, in addition, the main buyer of coffee was the United States with 35.53% equivalent to $832.7 million, followed by Germany with $330.1 million.
Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with the graphic"]
Between December 2019 and December 2020, an upward trend in the average price of regional coffee exports was reported, going from $2.72 to $3.14 per kilo.
Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with the graphic"]
Between November 2019 and September 2020, an upward trend in the average price of regional coffee exports was reported, going from $2.44 to $3.31 per kilo.
Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with the graph"]
The IADB will grant the Salvadoran government a loan for $45 million, which will be used to finance the project called "Strengthening the Climate Resilience of Coffee Forests."
According to the Government, the subscription of the loan with the Inter-American Development Bank (IDB) has the objective of maintaining the ecosystemic services provided by the coffee forest and improving the food security of small producers, informed the Ministry of Finance of El Salvador.
Changes in the points of consumption, increased sales through electronic channels, and more direct relationships between producers and roasters are some of the transformations reported in the coffee market at the regional and global level.
Changes in consumer habits, which were caused by the outbreak of covid-19 and the imposition of severe quarantines, ended up transforming several markets, including the coffee market.
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Because of the rains generated in Central American countries by Hurricane Eta, authorities warn that coffee plantations could be threatened by the spread of pests or diseases.
Starbucks of Condado Concepción, located on the road to El Salvador, Guatemala, is a sales point that at a distance of 15 minutes by car, has a potential market of more than 150 thousand consumers, and of this group of people 43% are interested in coffee.
Using the Geomarketing solutions we have developed for our clients, CentralAmericaData's Trade Intelligence team analyzed the environment of some of the main coffee shop locations in Central America. Below is an extract of the study's findings.
Due to the global confinement decreed by the covid-19 outbreak, coffee shops, restaurants and tourist establishments reduced the demand for coffee, but increased Internet sales and marketing of the grain in supermarket chains.
Another change that has been reported in the context of the pandemic is the rise in the international price of the quintal of gold coffee, which for the coffee year 2019-2020 stands at $156.48, an amount that is 9% higher than that recorded for the cycle 2018-2019, when it was quoted at $143.90.
From July 27th to 30th, the XXIV International Tasting The Best of Panama will take place virtually, in which 45 producers registered a total of 161 specialty coffee lots.
Laestrella.com.pa reviews that "... The Specialty Coffee Association of Panama (SCAP) has completed the registration process and as of June 15 will receive 24,150 pounds of the world's most coveted coffee, which has been carefully selected by producers. There are 87 lots (13,050 pounds) of the geisha variety of coffee, 58 lots (8,700 pounds) of traditional varieties of coffee and 16 lots (2,400 pounds) of the Pacamara variety, according to an official statement."
According to the digital behavior of consumers, it is estimated that in the countries of the region more than 13 million people show interest in coffee, and most of them are between 19 and 45 years old.
A study of the interests and preferences of consumers in Central America, prepared by the Trade Intelligence Unit of CentralAmericaData, shows interesting results on the preferences and tastes of people in several products, services and activities.
It is estimated that in El Salvador the current coffee harvest will close at 600,000 quintals, a volume similar to that reported in 1890, when the country had not invested considerably in coffee production.
The lack of maintenance work such as pruning, fertilization, weed control, pests and diseases, are some of the reasons why the volume of coffee cultivation has fallen to levels reported 130 years ago.
Because of the lack of investment in recent years in the maintenance of the coffee park, in the first three months of the current harvest in El Salvador a 46% year-on-year drop in the volume of coffee production is reported.
Figures from the Salvadoran Coffee Council (CSC) indicate that from October to December 2019, nearly 358,000 quintals of coffee have been harvested, a volume that is lower than the 668,000 quintals produced in the same period in 2018.
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