The coffee import volume in Australia is projected to decline from 2024 to 2028. Looking back, the volume stood at 137.8 thousand metric tons in 2023. The forecasted figures suggest a steady decrease, with an average negative CAGR of around -3.1% over the five-year period. Specifically, the year-on-year variation from 2024 to 2025 is -3.1%, from 2025 to 2026 is -3.2%, from 2026 to 2027 is -3.2%, and from 2027 to 2028 is -3.2%.
Future trends to watch for:
- Changes in consumer preferences and an increase in alternative beverages.- Impact of local coffee production increases on import demand.- Potential effects of economic factors like exchange rates and inflation on import volumes.- Evolution of trade policies and their impact on coffee import dynamics. - Technological advancements in the supply chain potentially reducing import dependency.