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The coffee bean market is a vibrant and rapidly evolving sector. As the industry continues to grow, the patterns and trends in global coffee bean orders are constantly changing. For businesses operating in this sector, staying abreast of these shifts is not just beneficial, but crucial. Whether you’re a coffee bean exporter, a wholesale supplier, or a retailer, understanding the dynamics of global coffee orders can provide valuable insights into consumer behavior, market demand, and potential growth opportunities. This article aims to provide an update on the latest developments in global coffee orders as of January 2024, offering a comprehensive overview for those interested in the international coffee bean trade.
The coffee bean market in January 2024 has seen significant developments. The robust growth of the market is driven by various factors, including changing consumer preferences, innovative farming practices, and advancements in coffee processing technology.
One of the key trends shaping the industry is the increasing demand for specialty coffee beans, such as Arabica and Robusta. These beans are known for their distinct flavors and are highly sought after by coffee connoisseurs around the world.
In terms of coffee bean trade, the European Union emerged as the world’s top coffee importer in 2024. The EU’s imports are dominated by unroasted green coffee beans, accounting for about 90 percent of the trade. The top suppliers in 2024 included Brazil, Vietnam, Uganda, and Honduras.
On the other hand, Vietnam and Brazil continued to be major players in the coffee export market. These countries have been successful in meeting the global demand for coffee, thanks to their favorable climatic conditions and efficient farming practices.
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>> Read more: Top Coffee Exporters in Vietnam 2022: A List Approved by the Ministry of Industry and Trade
There are many more recent RFQs for coffee beans updated in January 2024; you can explore further on Freshdi.com. It is Vietnam's premier B2B commerce platform, offering the latest insights and opportunities in the coffee industry. For a comprehensive view of the most up-to-date RFQs and to stay ahead in the market, visit Freshdi.com, the leading B2B trading platform in Vietnam
Looking ahead, the coffee market shows promising prospects. The global coffee market is anticipated to reach US$134.25 billion in 2024, growing at a CAGR of 5.32%. The Coffee Market size is estimated at USD 132.13 billion in 2024, and is expected to reach USD 166.39 billion by 2029, growing at a CAGR of 4.72% during the forecast period (2024-2029).
Several factors are driving this growth. The increasing demand for certified coffee products, the acceptance of single-serve coffee brew systems by consumers, and the constant innovation led by the top players in the coffee market are some of the key factors.
In terms of coffee bean trade, the European Union emerged as the world’s top coffee importer in 2024. The EU’s imports are dominated by unroasted green coffee beans, which accounts for about 90 percent of trade. Top suppliers in 2024 included Brazil (32 percent), Vietnam (26 percent), Uganda (7 percent), and Honduras (6 percent).
>> Read more: A Comprehensive Guide to Import Coffee from Vietnam
The coffee industry is vibrant and ever-evolving, with RFQs reflecting the diverse needs of buyers from around the world. From the demand for BON instant coffee in Iran to the need for robusta green beans in Sweden, these RFQs highlight the global nature of the coffee trade.
However, these are just a few examples of the latest coffee bean RFQs. There are many more new orders and RFQs being updated regularly in the coffee sector. For more comprehensive and up-to-date information, visit Freshdi.com, a leading B2B trading platform in Vietnam. Whether you’re a buyer looking for specific coffee products or a seller aiming to reach a wider market, Freshdi.com can be your go-to resource in navigating the dynamic world of the global coffee trade. Stay tuned for more updates and insights in the coffee industry.
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