Forecast: Coffee Production in North America

Coffee production in North America has experienced significant volatility over the past decade, with a notable decrease from 4.0 thousand metric tons in 2014 to 1.0 thousand metric tons in 2023. The production levels remained stable at 2.0 thousand metric tons from 2015 to 2019 but began a downward trend in 2020, declining to 1.66 thousand metric tons. The following years saw further reductions, reaching 1.0 thousand metric tons by 2021 and maintaining this level through 2023.

From 2024 onward, the forecasted data suggests a continued decline, with production expected to drop to 0.77 thousand metric tons in 2024 and further decrease to 0.11 thousand metric tons by 2028. The compound annual growth rate (CAGR) for the last five years stands at -12.94%, and projections indicate an even steeper annual decline with a forecasted five-year CAGR of -32.24%, culminating in an overall reduction of 85.71% by 2028.

Future trends to watch for include shifts in agricultural practices, climate change impacts, and market demand fluctuations. Monitoring these factors will be critical for understanding long-term production capabilities and potential market responses.

Top Countries about Coffee Machine