Forecast: Coffee Demand in United Kingdom of Great Britain and Northern Ireland

Coffee demand in the United Kingdom has shown fluctuations over the past decade. From a value of 167.0 thousand metric tons in 2014, it increased to 188.0 thousand metric tons in 2023. Significant growth periods include 2015-2017, with peaks in 2017, followed by a dip in 2018. The demand fluctuated yearly, recovering to a stable growth pattern since 2020. The year-on-year variation for 2023 was 0.53%, reflecting steady demand. The 5-year CAGR stands at 0.87%, indicating moderate growth.

Looking forward, the forecasted data shows a consistent, albeit slow, increase in demand with a 5-year CAGR of 0.48% and projected growth rate of 2.4% by 2028. Future trends to watch include potential shifts in consumer preferences towards specialty coffee and sustainable practices, which could impact overall demand. Additionally, economic factors such as inflation and disposable income could also influence coffee consumption patterns.