Revenue from Shipments Increases by 23.2% from January to September
Brazil exported 2.96 million 60-kilogram bags of instant coffee from January to September 2024, reflecting a 6.8% increase compared to the same period in 2023. This data was released on Friday (October 18) by the Brazilian Instant Coffee Industry Association (Abics).
The revenue generated from these exports reached USD 657.4 million, up by 23.2% over the same comparative period.
On the domestic market, consumption amounted to 823,000 bags in 2024, representing a 2.4% annual increase.
According to Abics’ Director of Institutional Relations, Aguinaldo Lima, the performance indicates a potential record in foreign exchange earnings by the end of the year. He credits the growth to investments in quality and technological innovation made by Brazilian coffee industries, which focus on meeting social, environmental, and sustainability standards.
“Aligned with ESG criteria, Brazil’s instant coffee is prepared to increase its presence in new, emerging, and traditional markets. If logistics are not impacted by shipment delays or geopolitical conflicts in Eastern Europe and the Middle East, we will see a higher volume of exports than last year,” Lima stated in a press release.
If these projections are met, Lima believes the segment will achieve its highest export revenue in history this year.
Major Buyers
Like green Arabica coffee, the top destination for Brazilian instant coffee is the United States, despite a 12.9% drop in imports so far this year. The U.S. remains the leading importer, with total purchases reaching 517,100 bags by September 2024.
In second place is Russia, which imported 194,500 bags from January to September, marking an impressive increase of 274.7% compared to the same period in 2023.
Coffee-producing countries like Indonesia and Mexico also feature among the main buyers. Indonesia imported 166,800 bags, up 18.7% year-over-year, ranking third. Mexico, the second-largest global producer of instant coffee, climbed to eighth place, boosting imports by 195% to 121,900 bags. This surge compensates for production deficits caused by adverse weather conditions.
Lima also highlighted the performance of shipments to Vietnam, which recorded a 188.1% increase in imports.
“The positive results in 2024, both in volume and revenue, as well as growth in other coffee-producing nations, reaffirm the quality of Brazilian instant coffee and its adherence to socio-environmental standards, meeting the demands of diverse, high-standard markets,” commented Lima.
Domestic Consumption
From January to September 2024, Brazil consumed 823,000 bags of instant coffee, a 2.4% increase compared to the 803,800 bags consumed during the same period in 2023.
“This growth was driven by a substantial 98.2% surge in the consumption of freeze-dried instant coffee, which offset a moderate 3.5% decline in spray-dried coffee, the latter accounting for 88% of domestic consumption. Imported instant coffees, which make up just 2% of the total, saw a 6.9% increase over the same period,” Lima explained.
