Nordic coffee market size

Published Jul 22, 2021

Tridge summary

The Nordic countries, led by Finland, Iceland, Denmark, and Norway, consume the highest per capita coffee in the world. Despite the small population, the Nordic coffee market accounts for only 6.5% of the European Economic Area's total coffee imports, generating around $16.5 billion in 2020. Each country has a unique coffee culture, with Sweden's 'fika' and Denmark's preference for pure coffee. Coffee revenue in Sweden and Denmark is projected to grow at an average of 5.83% and 8.06% respectively from 2021 to 2025, reaching $7.13 billion and $6.83 billion respectively. Norway's coffee market is expected to grow at a 5.25% average rate, reaching $4.04 billion by 2025.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Nordic countries consume the most coffee in the world per capita. In which, Norway ranked second, just behind Finland, followed by Iceland ranked third, Denmark ranked fourth, and Sweden ranked sixth with consumption of 9.9 kg, 9 kg, and 8, respectively. 7 kg, and 8.2 kg/person/year. Coffee is not only a drink of the Nordic people but also an indispensable culture and lifestyle in these countries. However, due to the small population, the size of the Nordic coffee market is not large. Coffee imports of the whole Nordic region in 2020 accounted for only 6.5% of total coffee imports of the European Economic Area (EEA), about over 16 billion USD, of which Sweden accounted for 2.5% , Norway 1.2%, and Denmark 1%. Sweden With an average consumption of about 8.2kg of coffee/person/year, Sweden consumes an average of 70-80,000 tons of coffee/year. Swedes love coffee, and it's the mainstay of the hot beverage industry. According to the Swedish National Coffee Association, the ...

Source: Vinanet