Coffee is commercially produced in more than 50 countries and the world drinks over 3 billion cups a day. Coffee producing countries export the bulk of their produce, earning around $20 billion in exports a year. The annual revenue of the global coffee industry is estimated to exceed $200 billion. Around 25 million farming households depend on coffee for their living. At least 100 million families depend on coffee for their living.
Key facts about the global coffee market
- Since 1990, coffee growers have increased production from 100 million to about 175 million 60-kg bags today.
- World coffee consumption rises by 2.0-2.5% annually
- In 2018 around 65 million bags of the world’s harvest of green coffee beans came from Brazil, making the country the world’s largest coffee producer with a share of 37% .
- Although there are many different varieties of the coffee plant, only two species are of major economic importance. These are Arabica and Robusta. Today, some 60% of the world’s coffee output is produced from Arabica beans and about 40% from Robusta.
- Robusta production has been gaining market share from higher-quality arabica beans over the past decade, which has elevated Vietnam and Indonesia into the top ranks of the world’s coffee producers. Brazil has raised its coffee production continuously over the years and now accounts for about a third of global output and is the top exporter.