With 21.3 million bags, Brazil has a drop in coffee consumption in the domestic market in 2022

Published 2023년 3월 2일

Tridge summary

In 2022, Brazil experienced a slight decrease in coffee consumption by 1.01%, totaling 21,326,820 million bags, as reported by the Brazilian Coffee Industry Association (ABIC). This decline is largely due to high inflation and climatic issues impacting arabica coffee production. Despite these challenges, Brazil continues to be the world's second-largest coffee consumer, with 4.7 million bags. The high inflation led to a price increase of over 120% for the raw material, which was passed on to retailers by the industry, causing concern for consumers. However, ABIC anticipates that there will be no significant drops in the value of the commodity or consumption in 2023.

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

Original content

With 21,326,820 million bags, Brazil recorded a 1.01% drop in coffee consumption in the domestic market in 2022. The figures were released this Monday afternoon (2) by the Brazilian Coffee Industry Association (ABIC) . Of this amount, traditional extra-strength coffee accounted for 83% of sales, being classified as a "cost-benefit" product. This volume represents 41.8% of the 2022 harvest, which was 50.9 million bags, according to Conab. With this volume, Brazil remains the second largest consumer of coffee in the world, with approximately 4.7 million bags from the United States. According to Pavel Cardoso and Celírio Inácio - president and executive director of ABIC, the drop in consumption is attributed to high inflation last year. During the press conference, the representatives highlighted the recent climatic problems in the production of arabica coffee in Brazil. In a period of almost three years, the main producing regions were affected by intense drought, frost and recently ...

Source: NoticiasAgricolas