Friday 24 June 2022

Brazil: coffee consumption up 1.7% in 2021, says Abic

Must read

MILAN – Coffee consumption in Brazil, the world’s largest consumer behind the USA, rose 1.7% in the November 2020 and October 2021 totalling 21.5 million bags, reports the industry association Abic.

Despite year-on-year growth, this figure was still 500,000 bags shy of the record-high of 22 million bags reached in 2017, says the association.

Per capita consumption is estimated at 6.06 kg/year of raw coffee and 4.84 kg/year of roasted coffee.

In the last 10 years, consumption in Brazil has grown by more than 1 million bags, according to historical data provided by Abic.

“The good performance at the consumer’s table had a direct impact on the industry: companies associated with Abic registered a growth of 2.77% in the period”, said the association, whose affiliated industries account for 72.9% of the production of roasted coffee in grain and/or ground and 85.4% share in the national market.

The strong performance in consumption is even more remarkable considering the spike in prices over the period in review.

Raw coffee prices surged by 155% in average. The balanced average of costs for packaging, energy, fuels and labour rose by 107.3%. This led to an increase in retail prices of 52%.

The off-year in the Arabica cycle reduced availability in the domestic market.

According to the Coffee Supply Index for Industry (IOCI), since November 2020 the situation “has remained below normal, indicating that companies of all sizes do not have a regular supply of coffee beans.”

Latest article