In 2023, the import of coffee to Germany stood at 3.4371 billion US dollars, reflecting a slight year-on-year increase of 0.38%. Over the past decade, Germany's coffee imports have experienced fluctuations, peaking in 2014 and declining significantly in subsequent years. Year-on-year growth has varied, with notable declines such as in 2015 (-15.2%) and smaller increments thereafter. The average annual growth rate (CAGR) over the last five years has been 0.85%, indicating a relatively stable trend.
Future trends to watch for:
- Forecasts point towards a slight growth in imports, with a forecasted 5-year CAGR of 0.31%.
- Expect a gradual increase in import values, reaching 3.5049 billion US dollars by 2028.
- Key factors to monitor include global coffee prices, changes in consumer preferences, and economic conditions impacting demand.