Industry forecast: China is expected to become the second largest buyer of Colombian coffee

The website "valoraanalitik" reported that based on data from the Colombian National Coffee Producers Association (FNC), the National Statistics Office (DANE) and the National Tax and Customs Administration (DIAN), China is expected to become the sixth largest export market for Colombian coffee by the end of this year and the second largest export market in the next few years. China ranked 18th among the main export destinations of Colombian coffee in 2019, and jumped to sixth place in 2023, with an export volume of 540,000 bags (60 kg/bag, the same below). Gustavo Gómez, president of the Colombian National Coffee Exporters Association (Asoexport), said that the Chinese market is very attractive to Colombian coffee exporters because consumption in this market has been growing strongly year by year. Market research company "Mordor According to the "Intelligence" report, the Chinese coffee market will reach US$2.06 billion in 2023 and is expected to reach US$2.26 billion in 2028, ...