Good news for Furnace Hills Coffee Company. Yes worldwide coffee consumption is at an all time high in 2011. Below you’ll see the reports that are out re: coffee consumption and the new & emerging markets.
Here’s a question for you: Are you drinking more coffee this year than you did last? Is your personal coffee consumption up?
Worldwide coffee consumption increased by 1.3% to 139 million bags (of 60 kg each) in 2011 compared to 137.2 million bags in 2010 driven by growing demand in Brazil, Vietnam, Mexico, India, Venezuela and other countries, according to International Coffee Organization (ICO) .
As per the ICO data, exporting countries consumed 42.4 million bags of coffee in 2011 compared to 41 million bags in the prior year period.
In its latest report the organization said: “The highest rates of growth (consumption) have been found mostly in exporting countries, which have increased their share of the total from 25 per cent in 2000 to 30.5 per cent in 2011,” reported The Economic Times.
The consumption in importing countries, including the US, Germany, Japan, France, Italy, the UK and Spain, was 96.6 million bags in 2011 compared to 96.1 million bags in the year ago period.
The importing countries, including the US, Germany, Japan, France, Italy, the UK and Spain, consumed 96.6 million bags in 2011 compared to 96.1 million bags in 2010.
In emerging markets like Russia, Korea, Ukraine, Australia, Algeria, etc, coffee consumption increased marginally to 25.8 million bags from 25.2 million bags in the previous crop year.
The global coffee production has been estimated flat at 134.3 million bags in the 2011-12 crop year, which runs from October to September, compared to 2010-11 as the shortfall in production in Brazil was compensated by increased production in other countries, particularly Vietnam, Peru and Honduras, ICO was cited by the news paper. (Taken from Hot Drinks Business Review, October 22, 2012) (http://hotdrinks.drinks-business-review.com/)
What Furnace Hills Coffees may you drink more of this next year? Check out our coffee offerings at http://furnacehillscoffee.com.