Global coffee exports down 2.5 percent in October

Global exports of green beans in October 2022 totalled 8.5 million bags, compared with 8.72mln bags in the same month of the previous year, down 2.5 percent, according to the latest International Coffee Organisation [ICO] report released for the month of November.

According to the report, the downturn was spread across most of the coffee groups, with the Brazilian Naturals alone starting the new coffee year on a positive footing with an uptick of 0.5 percent, the third consecutive months of positive growth, exporting 3.44mln bags of green beans.

“The positive start to the new coffee year made by the Brazilian Naturals was driven by Brazil, the biggest producer and exporter of the Brazilian Naturals, with a 1.9 percent increase in the exports of green beans, outweighing the downturns of the other major origins of the Brazilian Naturals group – Ethiopia [-10.9 percent], Uganda [-6.0 percent] and Vietnam [-19.5 percent].”

Africa

Exports of all forms of coffee from Africa decreased by 2.4 percent to 1.1mln bags in October 2022 from 1.13mln bags in October 2021. “Ethiopia and Uganda were the two main origins behind the region’s downturn in exports in October 2022, with the respective growth rates of shipped coffee at -10.9 percent and -6.0 percent,” says the report.

“The fact that Africa’s decrease of exports was softer than as suggested by the growth rates of the region’s top two biggest exporters is down to the counterweights of Burundi [316.7 percent], Côte d’Ivoire [83.2 percent] and Kenya [46.3 percent].”

However, the greater-than-normal growth rates of the three origins do not reflect fundamental changes to the respective domestic coffee industries, but are technical anomalies due to large negative growth rates in October 2021. Burundi’s exports of all forms of coffee were down 66.5 percent and Côte d’Ivoire and Kenya by 79.1 percent and 54.1 percent, respectively.

South America

In October 2022, South America’s exports of all forms of coffee decreased marginally by 0.2 percent to 4.99mln bags. The marginality of the growth rate was largely the result of increases in the exports of Brazil [1.1 percent] and Ecuador [48.3 percent] edged by the decreases in exports of Colombia [-2.3 percent] and Peru [-9.4 percent].

Asia & Oceania

Exports of all forms of coffee from Asia & Oceania totalled 3.17mln bags in October 2022, 10,000 bags greater than in October 2021. The region’s miniscule growth rate, however, belies the strong growth rates amongst the major origins; India and Indonesia made gains of 15.1 percent to 0.54mln bags and 34.5 percent to 1.12mln bags, respectively, while Vietnam suffered a 19.5 percent fall to 1.37mln bags.

In October 2022, exports of all forms of coffee from Mexico & Central America were down 14.6% to 0.49mln bags as compared with 0.57mln in October 2021.

Production and Consumption

The latest provisional outlook for total production in coffee year 2022/23 remains unchanged at 167.2mln bags, a 2.1 percent decrease as compared to 170.83mln bags in the previous coffee year.

World coffee consumption is projected to grow by 3.3 percent to 170.3mln 60-kg bags in 2022/23 as compared to 164.9mln for coffee year 2020/21. In 2022/23, consumption is expected to exceed production by 3.1mln bags.

https://thecooperator.news/africa-coffee-exports-drop-5-1-percent-as-drought-hits-uganda/

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