Coffee Economics

Tea and Coffee contain caffeine and taste bitter in their natural states. Together, they play an important part in the hot beverage market.

Coffee plants are relatively difficult to grow. They are sensitive plants that require a lot of maintenance and labor to thrive. They need extra nutrition, a lot of space, and a shed to grow. The coffee plants have very specific ecological conditions. Tea plants are easy to grow and are very economical. They can frequently yield and are easy to harvest.

Nevertheless, the demand of coffee across the globe is impressive. Let us look at top five countries with highest coffee consumption.

Top Five Countries that Drink Coffee

finland-coffie

Finland

Finland is the world's largest consumer of Coffee. On average, a Finn drinks four cups of Coffee every day. The popularity of Coffee in Finland has pushed the authorities to limit coffee breaks to a maximum of two. In 2016, Finland consumed 12kg of coffee-roasted coffee beans a year per capita.

norway

Norway

Norwegians are reported to consume more than three cups of Coffee a day. In Norway, people like to hang out at coffee houses to socialize. In 2016, the country consumed 9.9kg of roasted coffee beans per capita per year.

iceland

Iceland

If you have ever been to Iceland, you will know how expensive it is to get a drink in the country. In Iceland, Coffee is the most famous drink because it is economical.

Iceland consumed 9kgs of Coffee in 2016 a year per capita. Do you know that in Iceland, coffee is served as a welcome drink to visitors?

Denmark

Denmark

Coffee and cake are the most popular combination in Denmark. Coffee is like a ritual in Denmark, as the country reported consuming 8.7kg of roasted coffee beans per year in 2016 per capita.

Netherlands

Netherlands

Coffee was introduced to the West by the Dutch, so they do have the right to dominate the consumer market. In the Netherlands, 8.4 kg of roasted coffee beans were consumed annually per capita.

Trade of Coffee as of 2021

Coffee

  • 1. World Trade was at US$36B. Coffee was ranked 124 in the list of 1217 products traded globally.
  • 2. The top exporter of Coffee was Brazil, with US$6.04B. Brazil was the second top exporter of Coffee, with US$3.36B. Colombia exported Coffee worth $3.22B and Germany US$2.95B.
  • 3. The top importer was the United States, with $6.86B. Germany imported Coffee worth US$3.81B, Belgium US$2.14B, and France US$ 2.12 B.
    59.4% of the total coffee trade was contributed by unroasted Coffee (non-decaffeinated), with an export value totaling US$21.4B. Roasted Coffee (non-decaffeinated) contributed 35.2% of total trade, with export value at US$12.7B. Decaffeinated unroasted and roasted Coffee contributed 2.88% and 2.08%, respectively, in the total trade, with export values at US$1.04B and US$748M.
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