Wednesday, May 13, 2015

Biggest Coffee Markets in the World

Coffee Markets by Jonah Engler
Coffee is one of the world's most sought after commodities, yet it often gets overlooked by more popular commodities. As a matter of fact, after crude oil, the black gold that makes the world go round, there is no other commodity so sought after. Coffee is in fact the second most heavily-traded commodity in the world. That is higher than even gold, natural gas, and sugar. The market incredibly is worth over $100 billion worldwide. For such a spectacularly large market, it is a wonder why coffee does not get more exposure than it does in the business media.

Coffee is not just a product; there is a culture around it that centers around café culture. It has history, traditions, and even folklore to add to its mythos, much like wine. The coffee experience can represent dining customs, lifestyle traditions and social mores that explore how consumers dine and even enjoy life. Most markets have a history of café-based tradition, but one might ask where in the world is coffee sold the most? The answer might surprise you.

As of 2015, according to Euromonitor International, the biggest coffee markets in the world, calculated by the quantity of tons of coffee purchased at retail stores, are the following:

Unsurprisingly, America came in at first with a whopping 797,000 tons of coffee purchased at retail channels.

Brazil, the next runner up, consumes about 676,000 tons per year; however, Brazil has a per-capita basis that is higher than America's and some of the other nations on the list, since its population is smaller. This fact makes it one of, if not the most, dense markets for coffee vendors and consumers in the world.

The next nation with the highest intake of coffee is Germany. Coming in at a much smaller value, Germany consumes only 375,460 tons, which is almost half of what Brazil and America does.

In another steep decline in quantity, the next largest nation, France, comes in at 166,435 tons of coffee.

Italy comes in next at 153,630; South Korea is next with 111,905 tons; Philippines comes in at 110,541 tons; Poland comes in at 108,280 tons; Japan consumes about 108,050 tons per year; and Russia consumes about 107,277 tons a year.

Hopefully this list will give a good picture of where coffee is being consumed and enjoyed.

Jonah Engler is an avid coffee lover who works as an entrepreneur and a businessman. Engler hails from New York City.

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