{"id":7984,"date":"2025-01-14T11:56:32","date_gmt":"2025-01-14T11:56:32","guid":{"rendered":"https:\/\/cofdar.com\/?p=7984"},"modified":"2025-01-14T11:56:35","modified_gmt":"2025-01-14T11:56:35","slug":"comprehensive-report-on-coffee-market-performance-in-2024","status":"publish","type":"post","link":"https:\/\/cofdar.com\/en\/comprehensive-report-on-coffee-market-performance-in-2024\/","title":{"rendered":"Comprehensive Report on Coffee Market Performance in 2024"},"content":{"rendered":"\n

Cofdar Platform<\/strong>, a leader in coffee trade, highlights the coffee market’s performance in 2024 based on data from the December 2024 Report<\/strong> by the International Coffee Organization (ICO). This report provides an in-depth analysis of key trends and challenges facing the global market, focusing on supply-demand dynamics, price changes, and logistical and regulatory issues.<\/p>\n\n\n\n

Global Price Performance<\/strong><\/h3>\n\n\n\n

The ICO Composite Indicator Price (I-CIP) recorded a significant increase, averaging 299.61 US cents\/lb in December 2024, a 10.7% rise from November. This marks the highest monthly average since 1977, reflecting strong global demand and supply challenges.<\/p>\n\n\n\n

Key Reasons for Price Increase<\/strong><\/h4>\n\n\n\n
    \n
  1. Rising Global Demand:<\/strong>\n
      \n
    • Arabica coffee saw increased demand, particularly in European and American markets.<\/li>\n\n\n\n
    • The growth of specialty coffee boosted the demand for high-quality Arabica.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
    • Logistical Challenges:<\/strong>\n
        \n
      • Delays in shipments due to congestion in the Suez Canal and container shortages.<\/li>\n\n\n\n
      • Increased transportation costs impacted final market prices.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
      • Strong US Dollar:<\/strong>\n
          \n
        • Higher operational costs for exporters led to price adjustments to cover differences.<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n\n\n\n

          Coffee Types Performance<\/strong><\/h3>\n\n\n\n

          1. Arabica Coffee:<\/strong><\/h4>\n\n\n\n
            \n
          • Arabica prices rose by 14.5%, reaching 326.97 US cents\/lb.<\/li>\n\n\n\n
          • Brazil and Colombia recorded strong performances, with Arabica exports increasing by 12.2% and 8.6%, respectively.<\/li>\n\n\n\n
          • The growing demand for high-quality Arabica was the main driver.<\/li>\n<\/ul>\n\n\n\n

            2. Robusta Coffee:<\/strong><\/h4>\n\n\n\n
              \n
            • Despite a 4.7% price increase, Robusta exports dropped by 17.3%, mainly due to a 47.1% decline in Vietnam\u2019s exports.<\/li>\n\n\n\n
            • Producers faced challenges related to production costs and competition from Arabica.<\/li>\n<\/ul>\n\n\n\n

              3. Soluble and Roasted Coffee:<\/strong><\/h4>\n\n\n\n
                \n
              • Soluble coffee exports surged by 37.9%, reflecting increased demand for instant coffee.<\/li>\n\n\n\n
              • Conversely, roasted coffee exports fell by 19.3%.<\/li>\n<\/ul>\n\n\n\n

                Geographical Analysis of Exports<\/strong><\/h3>\n\n\n\n

                1. South America:<\/strong><\/h4>\n\n\n\n
                  \n
                • The region led global coffee exports, growing by 6% to 6.43 million bags.<\/li>\n\n\n\n
                • Brazil spearheaded this growth, with exports reaching 4.68 million bags in November 2024.<\/li>\n<\/ul>\n\n\n\n

                  2. Africa:<\/strong><\/h4>\n\n\n\n
                    \n
                  • The continent experienced a 24.5% increase in exports, driven by strong performances from Ethiopia and Kenya.<\/li>\n\n\n\n
                  • Ethiopia\u2019s exports rose by 86.24%, reflecting recovery from previous logistical challenges.<\/li>\n<\/ul>\n\n\n\n

                    3. Asia and Oceania:<\/strong><\/h4>\n\n\n\n
                      \n
                    • Exports declined by 12% due to Vietnam\u2019s lower shipments.<\/li>\n\n\n\n
                    • However, India and Indonesia recorded growth rates of 70.5% and 59.3%, respectively.<\/li>\n<\/ul>\n\n\n\n

                      Key Challenges<\/strong><\/h3>\n\n\n\n

                      1. Transportation Issues:<\/strong><\/h4>\n\n\n\n
                        \n
                      • Port congestion and container shortages led to shipping delays and higher costs.<\/li>\n<\/ul>\n\n\n\n

                        2. Regulatory Changes:<\/strong><\/h4>\n\n\n\n
                          \n
                        • The upcoming EU Deforestation Regulation (EUDR) in 2025 poses compliance challenges for exporters.<\/li>\n<\/ul>\n\n\n\n

                          3. Climate Change:<\/strong><\/h4>\n\n\n\n
                            \n
                          • Adverse climate conditions impacted coffee production, making supply stabilization difficult.<\/li>\n<\/ul>\n\n\n\n

                            Future Outlook<\/strong><\/h3>\n\n\n\n

                            1. Agricultural Technology Enhancement:<\/strong><\/h4>\n\n\n\n
                              \n
                            • Investing in technology to improve productivity and address climate challenges.<\/li>\n<\/ul>\n\n\n\n

                              2. Market Diversification:<\/strong><\/h4>\n\n\n\n
                                \n
                              • Expanding into emerging markets in Africa and Asia offers significant opportunities.<\/li>\n<\/ul>\n\n\n\n

                                3. Sustainability Focus:<\/strong><\/h4>\n\n\n\n
                                  \n
                                • Emphasizing environmental and social sustainability will be key to accessing European markets.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

                                  Cofdar Platform, a leader in coffee trade, highlights the coffee market’s performance in 2024 based on data from the December 2024 Report by the International Coffee Organization (ICO). This report provides an in-depth analysis of key trends and challenges facing the global market, focusing on supply-demand dynamics, price changes, and logistical and regulatory issues. Global …<\/p>\n","protected":false},"author":1,"featured_media":7985,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_rtcl_gb_attr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[552],"tags":[979,985,860,978,856,972,655,986,981,987,980,984,983,982],"class_list":["post-7984","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trade-and-production","tag-agricultural-technology","tag-arabica","tag-cofdar-platform","tag-coffee-market-2024","tag-coffee-prices","tag-coffee-production","tag-coffee-trade","tag-emerging-markets","tag-environmental-sustainability","tag-global-coffee-demand","tag-international-coffee-organization-report","tag-logistical-challenges","tag-regulatory-changes","tag-robusta"],"jetpack_featured_media_url":"https:\/\/cofdar.com\/wp-content\/uploads\/2025\/01\/cofdec2024.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/cofdar.com\/en\/wp-json\/wp\/v2\/posts\/7984","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cofdar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cofdar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cofdar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cofdar.com\/en\/wp-json\/wp\/v2\/comments?post=7984"}],"version-history":[{"count":0,"href":"https:\/\/cofdar.com\/en\/wp-json\/wp\/v2\/posts\/7984\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cofdar.com\/en\/wp-json\/wp\/v2\/media\/7985"}],"wp:attachment":[{"href":"https:\/\/cofdar.com\/en\/wp-json\/wp\/v2\/media?parent=7984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cofdar.com\/en\/wp-json\/wp\/v2\/categories?post=7984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cofdar.com\/en\/wp-json\/wp\/v2\/tags?post=7984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}