Africa’s coffee exports jump 29.5 percent in August, says new market report
The report says Ethiopia was the main driving force behind Africa’s coffee export growth in August 2024, with the origin’s exports having increased by 62.4 percent to 0.6 million bags as compared with 0.37 million bags in August 2023
KAMPALA, October 8, 2024 — Exports of all forms of coffee from Africa increased by 29.5 percent to 1.75 million bags in August 2024 from 1.35 million bags in August 2023, says the International Coffee Organisation [ICO] in its Coffee Market Report September 2024.
“As a result, the cumulative total for the first 11 months of coffee year 2023/24 is 14.62 million bags, up 17.3 percent compared with the 12.46 million bags shipped in coffee year 2022/23,” says the report.
The report says Ethiopia was the main driving force behind Africa’s coffee export growth in August 2024, with the origin’s exports having increased by 62.4 percent to 0.6 million bags as compared with 0.37 million bags in August 2023.
“Ethiopia had accounted for 57.5 percent of Africa’s August 2024 net rise. Côte d’Ivoire and Uganda were secondary positive drivers of Africa’s double-digit growth in August, combining to account for 43.2 percent of the 0.4-million-bag net rise of the region, increasing by 48.5 percent and 4.5 percent, respectively,” the report adds.
Meanwhile, global green bean exports in August 2024 totalled 9.91 million bags, as compared with 9.11 million bags in the same month of the previous year, up 8.8 percent. “This is the tenth consecutive month of positive growth, resulting in the cumulative total for coffee year 2023/24 to August 2024 being up 10.5 percent at 113.81 million bags as compared with 102.99 million bags over the same period a year ago,” says the report.
“The Robustas was the main group responsible for the overall strong growth seen in August 2024, accounting for 59.8 percent of the 0.8-million-bags net gain in total exports, adds the report,” says the ICO report.
Green bean exports of the Robustas were up 14.3 percent to 3.84 million bags in August 2024 from 3.36 million bags in August 2023. As a result, the report says, the growth rate of the cumulative total accelerated, increasing to 5.6 percent in August 2024 from 4.8 percent in July 2024, with total shipment at 43.46 million bags as compared with 41.16 million bags in the first 11 months of coffee year 2022/23.
The main drivers of August’s double-digit growth rate were Brazil, India, and Indonesia, whose combined exports were up 36.2 percent at 1.66 million bags as compared with 1.22 million bags in August 2023. The three origins accounted for 92.1 percent of the net gain made by the Robustas in August 2024.
Soluble coffee exports
Total exports of soluble coffee increased by 13.3 percent in August 2024 to 1.22 million bags from 1.08 million bags in August 2023. In the first 11 months of coffee year 2023/24, a total of 11.79 million bags of soluble coffee was exported, representing an increase of 10.6 percent from the 10.66 million bags exported in the same period during the previous coffee year.
Soluble coffee’s share in the total exports of all forms of coffee for the year to date was 9.3 percent in August 2024, the same as in August 2023. Brazil was the largest exporter of soluble coffee in August 2024, shipping 0.33 million bags.
Exports of roasted beans were down 19.7 percent in August 2024 to 47,730 bags, as compared with 59,417 bags in August 2023. The cumulative total for coffee year 2023/24 to August 2024 is 0.63 million bags, as compared with 0.65 million bags in the same period a year ago.
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