Consumption of soluble coffee grows 5.2% in 2023 in Brazil, to a record 24.2 thousand tons

Instant Coffee

Brazil

Market & Price Trends

Published Jan 25, 2024

Tridge summary

In 2023, Brazil saw a record consumption of soluble coffee, marking the 8th consecutive annual increase, as reported by the Brazilian Association of the Soluble Coffee Industry (Abics). This growth is attributed to the industry's efforts in expanding product portfolios and promotional activities. Despite a 32.7% drop in imports, exports of soluble coffee saw a slight increase of 0.4%, with the US being the primary destination. However, exports to Russia, a significant client, dropped due to the ongoing conflict with Ukraine.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Brazilians consumed a record volume of 24,248 thousand tons (equivalent to 1.05 million 60 kg bags) of soluble coffee last year, which represented an increase of 5.2% compared to 2022 and represented the eighth consecutive annual increase in the historical series. The data is part of the annual report released by the Brazilian Association of the Soluble Coffee Industry (Abics). Imports of soluble coffee of all types, 100% carried out by companies affiliated to the entity, had a significant drop of 32.7% compared to 2022, falling to 423.4 tons, or 18,345 bags. “It is a small volume, but it helps to offer more options to Brazilian consumers”, comments the director of Institutional Relations at Abics, Aguinaldo Lima. According to him, the continuous growth in the consumption of soluble coffee in Brazil reflects the investments made by the sector's industries, which expand their product portfolio, and the promotion and training actions carried out by the segment, such as the “Cria e ...

Source: NoticiasAgricolas