From 2013 to 2023, the coffee supply in Canada has shown a general upward trend with some fluctuations. There were notable dips in 2015 and 2020. In 2023, the coffee supply stood at 411.48 thousand metric tons. Year-on-year variations revealed that between 2021 and 2022, there was a 7.06% increase, while from 2022 to 2023, there was a slight decline of 0.77%. The Compound Annual Growth Rate (CAGR) over the last five years has been 2.59%. Moving forward, it's expected that the coffee supply will increase at a CAGR of 1.68% until 2028, leading to an overall growth rate of 8.71% over this period.
Future trends to watch include potential impacts of climate change on coffee production, shifts in consumer preferences towards specialty coffee, and increased focus on sustainable and ethically sourced coffee. Additionally, market dynamics such as changes in international trade policies and technological advancements in coffee cultivation could influence the supply chains and overall availability of coffee in Canada.
