Coffee bean price trend: From high to low

Coffee bean price trend: From high to low

Coffee is one of the most popular drinks in the world, and the price of coffee beans, as the raw material for making coffee, has also experienced many fluctuations. This article will explore the changing trends of coffee bean prices in recent years from high to low.

Phase 1: 2011 to 2014

During this period, the global demand for specialty coffee beans continued to increase, leading to a significant increase in their prices. In particular, high-quality specialty coffee beans from major producing areas such as Brazil, Colombia and Guatemala were in short supply in the market. This caused the average price of specialty coffee beans to soar to more than $10 per pound in just a few years.

Phase 2: 2015 to 2017

However, in the following years, due to factors such as the unstable global economic situation and weather disasters in some major producing areas, the supply of specialty coffee beans gradually increased. At the same time, some emerging producing areas such as Ethiopia and Vietnam also began to produce coffee beans in large quantities. This led to a downward trend in the price of specialty coffee beans, with the average price per pound falling to around US$8.

Phase 3: 2018 to 2020

During this period, coffee consumption continued to grow worldwide, especially in the rapid expansion of the Asian market. This led to an increase in demand for specialty coffee beans and a rebound in their prices. At the same time, some major producing areas such as Brazil and Colombia suffered from adverse factors such as weather disasters, resulting in a reduction in the supply of some high-quality specialty coffee beans. Therefore, during this period, the average price of specialty coffee beans climbed again to more than $10 per pound.

Phase 4: 2021 to present

With the increasing demand for sustainable and environmentally friendly products worldwide and the growing consumer group pursuing higher standards for quality, the specialty coffee market has further expanded. However, some major producing areas such as Brazil and Colombia have increased coffee planting areas and increased coffee bean production in the past few years. This has led to a gradual increase in the supply of specialty coffee beans and a drop in prices. Currently, the average price of specialty coffee beans is about $8 per pound.

in conclusion

Since 2011, the price of specialty coffee beans has experienced an up-and-down trend worldwide. Due to supply and demand, weather disasters and other factors, the price of specialty coffee beans has risen, fallen, risen again, and finally fallen back to the current level in the past decade. However, in the next few years, with the continuous improvement of quality and sustainable development requirements and the expansion of demand in emerging markets, the specialty coffee market is expected to maintain steady growth.

In short, considering the above factors when investing or consuming will help you better understand the dynamics of the global specialty coffee market and make informed decisions.