The demand for coffee in Australia is forecasted to progressively decline from 2024 to 2028. In 2023, the actual coffee demand stood at a higher level compared to subsequent forecasted years. Specifically, coffee demand is expected to be 96.63 thousand metric tons in 2024, which then decreases to 77.24 thousand metric tons by 2028.
Analyzing the year-on-year variation shows a consistent downward trend. The forecast indicates a decrease of approximately 5.17% from 2024 to 2025, 5.35% from 2025 to 2026, 5.52% from 2026 to 2027, and 5.75% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over these five years reflects an average annual decrease of about 5.45%.
Key future trends to watch for include the increasing popularity of alternative beverages such as tea and non-caffeinated drinks, shifting consumer preferences towards healthier lifestyle choices, and potential economic factors affecting disposable income that may influence overall coffee consumption.
