Coffee yield figures remained robust in 2020 and coffee bean exports increased, despite the disruption to supply chains caused by the Coronavirus restrictions. Home coffee consumption surged, thereby helping to offset the slump in sales following the closure of the HoReCa segment. Average coffee prices remained growing gradually through to Q1 2021.
The closure of the HoReCa segment caused the demand for cocoa beans to collapse in 2020, while the production remained stable. This led to a surge in unsold cocoa bean stocks in exporter-countries. EU chocolate producers are now trying to enlist a range of measures to ensure stable demand and secure supply chains on the cocoa bean market.
In 2019, the EU tea market decreased by -5.1% to 214K tonnes, slipping back slightly from the previous year.
The revenue of the extracts of tea market in Asia amounted to $2.8B in 2018, rising by 10% against the previous year....
The revenue of the decaffeinated coffee market in the European Union amounted to $1.6B in 2018, going down by -2.5% against the previous year. The countries with the highest volumes of decaffeinated coffee consumption in 2018 were the UK (59K tonnes),
The global tea market revenue amounted to $25.9B in 2018, picking up by 7.7% against the previous year. Overall, the total market indicated strong growth from 2007 to 2018: its value increased at an average annual rate of +4.3% over that period. Global
The most prominent rate of growth was recorded in 2018 when imports increased by 22% y-o-y.
In 2018, roasted decaffeinated coffee production in the European Union amounted to 92K tonnes.