Forecast: Coffee Demand in China

The coffee demand in China has shown variability over the past decade. In 2023, the value stood at 106.0 thousand metric tons. There was a minor year-on-year growth of 0.95% from 2022 to 2023. Evaluating the past five years, the compound annual growth rate (CAGR) averaged 0.77%, indicating modest growth.

An examination of earlier years reveals key variations such as a significant spike in 2017 with a year-on-year increase of 14.61%, and a decline in 2020 by -4.07%. This mixed trend culminated in a steady rise starting from 2021.

Future forecasts for 2024-2028 project a slight growth trend with a 5-year CAGR of 0.73%, leading to a total growth rate of 3.68%. The coffee market in China is expected to grow steadily though modestly over the next few years.

Future trends to watch for:

• Consumer preferences for premium and specialty coffee
• Impact of urbanization and lifestyle changes on coffee consumption
• Expansion of coffee shop chains and online retail
• Influence of foreign coffee brands entering the market