- According to the International Coffee Organisation (ICO), Coffee is the world’s most widely traded tropical agricultural commodity, accounting for exports worth an estimated US$ 15.4 billion in 2009/10, when some 93.4 million bags were shipped.
- Two main species of coffee are cultivated today. Coffea arabica, known as Arabica coffee, accounts for 75-80 percent of the world’s production. Coffea canephora, known as Robusta coffee, accounts for about 20 percent and differs from the Arabica coffees in terms of taste. While Robusta coffee beans are more robust than the Arabica plants, but produces an inferior tasting beverage with a higher caffeine content.
- The Coffee C contract (traded at ICE) is the world benchmark for Arabica coffee. Robusta Coffee Futures are traded at Euronext. Other international exchanges that trade coffee futures include the Singapore Commodity Exchange (Robusta), the Commodities & Futures Exchange (BM&F) in Brazil (Arabica) and the Tokyo Grain Exchange (Arabica and Robusta).
- South and Central America produce the majority of coffee traded in world commerce. The world’s major coffee producers are Brazil, Vietnam, Colombia and Indonesia. Brazil and Colombia produce mostly Arabica coffee and together account for more than 40 percent of world coffee production. Vietnam produces Robusta coffee.
- The world produces about 120 to 140 million 60-kilogram bags of coffee per year (one 60-kilo bag equals 132.276 pounds). Coffee production can vary significantly from year to year, depending whether Arabica coffee trees are in the on-year or the off-year of their biennial production cycle. Simply comparing this year’s output to last year’s may be misleading.
- Global consumption in coffee year 2009/10 totalled around 133.9 million bags, of which 72 million bags were consumed in Importing Member countries, 21.2 million in non-member countries and 40.7 million in producing countries.
- Consumption has increased on average by around 1.2 percent annually since the early 1980s, rising to more than 2 percent in recent years. Probably the most spectacular growth of a major market occurred in Japan, where it initially averaged some 3.5 percent a year until appearing to have reached a plateau over the last ten years. Japan is now the third largest importer of coffee in the world.
- Over the last five years market growth in Europe has been weak, with consumption showing signs of stagnation and possibly even decline. The situation is only slightly better in the United States, where overall consumption, despite the boom in the specialty sector, has grown at a low rate.
- The figures for consumption in some producing countries and in non-member countries point to a surprisingly large upsurge since the turn of the century, growing on average by over 6 percent per annum, although the economic turmoil of recent years has been a brake on growth.
This information was taken mainly from the International Coffee Organisation (ICO) were you can find additional information. The International Coffee Organisation (ICO) is the main intergovernmental organization for coffee, bringing together exporting and importing Governments to tackle the challenges facing the world coffee sector through international cooperation. Its Member Governments represent 97% of world coffee production and over 80% of world consumption.