Forecast: Import of Coffee to Australia

Based on the data, the import value of coffee to Australia in 2023 stood at $576.48 million USD. From 2013 to 2023, the imports have experienced fluctuations with notable growth especially from 2017 onwards. Over the last two years (2022 to 2023), the year-on-year variations were 2.82% and 2.69% respectively. Over the last five years, the compound annual growth rate (CAGR) was 3.54%.

From 2024 onwards, forecasts indicate a steady increase in coffee imports, with a projected CAGR of 2.02% over the next five years, resulting in a forecasted 10.5% growth rate by 2028.

Future trends to watch for include possible impacts of climate change on coffee production, shifts in consumer preferences towards sustainable and fair-trade options, and potential economic factors influencing trade and import policies. These elements could influence both the volume and value of coffee imports in the coming years.