The import value of coffee to China has shown significant fluctuations from 2013 to 2023. In 2023, the value of coffee imports stood at $388.2 million USD. The market experienced substantial growth in certain years, with a peak in 2016, but also faced declines, notably in 2017. Over the last two years (2022 and 2023), the year-on-year growth rates were 4.16% and 3.91% respectively. Looking at the last five years (2019-2023), the compound annual growth rate (CAGR) was 2.82%, indicating a steady but moderate growth phase. The import value is forecasted to reach $464.52 million USD by 2028, with a forecasted five-year growth rate of 14.91% and a CAGR of 2.82% from 2024 to 2028.
Future trends to watch for include potential market volatility due to global supply chain disruptions, changes in consumer preferences towards specialty coffee, and possible fluctuations in global coffee prices that could impact import values. Continued urbanization and the rise of a middle-class consumer base in China may also drive demand for higher-quality coffee imports.