Key Market Indicators
Madagascar's coffee consumption is projected to rise to approximately 71,000 metric tons by 2028, up from 63,000 metric tons in 2023. This represents an annual growth rate of 1.8%. Since 2019, the demand for coffee in Madagascar has increased by 2% annually. In 2023, Madagascar ranked 23rd globally in coffee consumption, with Finland leading at 63,000 metric tons. The United States, Germany, and Japan occupied the second, third, and fourth positions, respectively. Conversely, Madagascar's coffee production is expected to decline. By 2028, production is forecasted to drop to about 270,000 bags of 60 kg each, down from roughly 333,000 bags in 2023. This marks a yearly decrease of 3.4%. Since 1995, the country's coffee supply has consistently fallen by 3.4% each year. In 2023, Madagascar ranked 24th in coffee production, with Haiti surpassing it with the same production level of approximately 333,000 bags. Vietnam, Colombia, and Indonesia held the second, third, and fourth spots in global coffee production.
