Forecast: Green Coffee Domestic Consumption in Singapore

In 2023, the domestic consumption of green coffee in Singapore stood at 106,000 bags (60 kg each). For the forecast period from 2024 to 2028, the consumption is expected to show a slight downward trend. Starting from 2024 and 2025, the consumption remains stable at 106,000 bags, but it decreases marginally to 105,000 bags per year from 2026 to 2028. This indicates a year-on-year variation of -0.94% between 2025 and 2026, and stability remains onwards until 2028. Over the last two years, the trend shows a -0.94% variation. The compound annual growth rate (CAGR) over the last five years stands at -0.19%, highlighting a minor overall decline in green coffee consumption.

Future trends to watch for include evolving consumer preferences, the impact of health trends on coffee consumption, and the influence of economic factors on discretionary spending. Additionally, the introduction of new coffee products and alternative beverages might further impact green coffee consumption patterns in Singapore.