Which African Coffee Trade Exchanges Are You Experiencing?

Which African Coffee Trade Exchanges Are You Experiencing?

July 16, 2021 Comments Off on Which African Coffee Trade Exchanges Are You Experiencing? By admin

Trade experts say that the African coffee trade is experiencing a boom with the influx of African coffee from countries such as Ethiopia, Tanzania, and South Africa.

However, the trade remains in a nascent phase. 

“African coffee exports are up to 30% higher than they were in 2016,” said Kiko Mofaz, an associate professor at the School of Business at the University of South Africa and a member of the Africa Trade Council.

“This is good news, but it’s not the main reason why we have seen an increase in coffee trade volume.” 

The coffee trade in Africa is one of the fastest growing industries in the world. 

Africa’s coffee production is forecast to triple from the current level of roughly 30 million metric tons in 2020 to 200 million metric ton in 2030, according to the International Coffee Organization (IOC).

According to a report from the IEA, coffee is now the third largest export of value after petroleum products and coal. 

The International Coffee Association (ICAO) estimates that by 2020 the coffee industry will produce more than 10 billion cubic meters of coffee beans, with an estimated $2.5 trillion in annual revenues.

In Africa, the coffee trade represents about 10% of total coffee production, according the ICAO. 

Coffee is also a source of income for African coffee farmers.

According to the African Coffee Association, coffee production costs an average of $12 per ton, with most of the costs coming from harvesting, processing, packaging, and distribution. 

In 2017, coffee exports to China totaled $1.2 billion, with $6 billion going to the Republic of China, according a report by the National Coffee Association of Zambia. 

According to a 2015 report by KPMG, the African market for coffee has expanded by 35% since 2007.

According for the coffee market in the United States, the country is currently home to 40% of the world’s coffee, according Toffee Consulting Group.

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