Key Market Indicators
Panama's coffee consumption is projected to reach approximately 8,000 metric tons by 2028, up from around 7,000 metric tons in 2023. This marks an average annual growth rate of 2.3%. Since 2019, the demand for coffee in Panama has increased by 3.1% annually. In 2023, Panama ranked 86th globally in coffee consumption, with Macedonia surpassing it at the same level of 7,000 metric tons. The United States, Germany, and Japan occupied the second, third, and fourth spots, respectively, in global coffee consumption rankings. On the production side, Panama's coffee output is expected to decline slightly, reaching about 114,000 bags of 60 kg by 2028, down from roughly 118,000 bags of 60 kg in 2023. This represents an average annual decrease of 0.6%. Since 1995, the country's coffee supply has been shrinking by 1.9% annually. In 2023, Panama ranked 32nd in coffee production, with Cameroon slightly ahead at 118,000 bags of 60 kg. Vietnam, Colombia, and Indonesia held the second, third, and fourth positions, respectively, in global coffee production.
