The coffee import volume in the US for 2023 stood at 1.69 million metric tons. For 2024, the forecasted volume is 1.70 million metric tons, showing a year-on-year increase of approximately 0.59%. The volume is projected to rise to 1.71 million metric tons in 2025, reflecting a further 0.59% increase. In 2026, the import volume is forecasted to reach 1.72 million metric tons, with an additional 0.58% rise. For both 2027 and 2028, the volume is expected to reach 1.72 and 1.73 million metric tons, showing a steady growth of approximately 0.58% per year. The Compound Annual Growth Rate (CAGR) over the last five years stands at about 0.58%.
Future trends to watch for include:
- Rising consumer demand for specialty and sustainably sourced coffee, potentially impacting import volume and sourcing locations.
- Impact of climate change on coffee-growing regions, which may affect supply chain stability and costs.
- Technological advancements in coffee cultivation and processing that could influence production efficiency and quality.