The coffee processing industry in Asia has shown significant growth over the past decade, particularly from 2018 onward. Starting at 39 thousand metric tons in 2014, it saw a notable dip in 2015, decreased by -28.21%. It bounced back in 2016 with a 25% increase, then slightly declined again in 2017. A remarkable surge of 85.29% occurred in 2018, after which the industry experienced relatively steady growth. By 2023, the volume had risen to 63 thousand metric tons, marking a 3.28% year-on-year increase. The five-year CAGR up to 2023 was relatively stable.
Looking forward, the forecast indicates a continued upward trend, with a moderate 2.1% CAGR projected over the next five years, resulting in a total growth rate of approximately 10.94% by 2028. Expected volumes will reach 71 thousand metric tons by 2028, demonstrating a stable growth pattern.
Future trends to watch for:
- The continuous improvement of processing technologies.
- Increasing consumer demand for quality and specialty coffees.
- Potential impacts of climate change on coffee yields and quality.
- Market expansion into new geographic areas within Asia.
