Friday, July 11, 2008

EU Imports of Coffee Beans

Between 1998 and 2007, the EU 15 countries (AT, BE, DE, DK, ES, FI, FR, GB, GR, IE, IT, LU, NL, PT, SE) have imported on average 2,4 million metric tonnes of coffee beans per year, with an average annual CIF value of € 3,6 billion. Note the sharp decrease in coffee value between 2001 and 2004.
As regards to market share, the top suppliers for 2007 were Brazil (30% of total shipments) and Vietnam (22%), when taken together, accounted for more than 1,3 million tonnes of coffee beans.
The above seasonality graphic illustrates monthly arrivals of coffee beans into the EU. Notive Brazilian shipments well above 50,000 metric tonnes per month, and how variations impact on prices (on the graphic below). Between January 2006 and March 2008, total EU imports have averaged 210,000 t per month.
For the same period as on the previous graph, we can notice an important appreciation of coffee prices in Europe. However, the sharpest increase is observed for the Robusta variety, where prices have grown from an average of US$ 60 cents per pound in the first half of 2006, to a record of US$ 1.20 this year.


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