In 2023, the Colombian coffee sector experienced a dynamic year, marked by resilience in the face of challenges and a constant search for opportunities. This article invites you on a journey through coffee export statistics for 2023 , exploring the ups and downs of production, key destinations, price behavior, and future prospects.
Colombian and World Production
In December 2023, coffee production in Colombia totaled 1.22 million bags, registering an impressive 24.3% increase compared to the same month last year. This significant increase surpassed the one million bag mark, contrasting with 2022 production of 980,000 bags. Furthermore, for the full year, Colombian production reached 11.3 million bags, representing a 2.4% increase compared to the previous year.
This remarkable growth in coffee production in Colombia is a testament to the commitment and dedication of Colombian farmers, as well as the favorable growing conditions in various regions of the country.
Final coffee exports in 2023
Colombia's final coffee exports for 2023 also offer an interesting insight into commercial activity in the sector. In November, final exports totaled 1,104,610 bags, representing a 29.5% increase compared to the same month last year. However, despite this increase in November, a negative trend is observed in the 12-month cumulative figure, with a drop of 8.6% compared to the December 21/November 22 period, reaching a level of 10.5 million bags.
This decline in exports can be attributed to several factors, including adverse weather conditions that affected production during the first months of 2023. However, despite these challenges, Colombia remains a major player in the global coffee market, maintaining its position as one of the leading exporters globally.
Exports by type of coffee in 2023
The analysis of exports by coffee type provides a more detailed view of trade patterns in Colombia. It is noted that green coffee continues to be the main export product, accounting for 87.6% of the total export volume in November 2023. This figure indicates a 4.7% increase compared to the same month last year, underscoring the continued importance of green coffee in the international market.
On the other hand, the instant coffee group experienced a decline in its share, falling by 3.4 percentage points compared to the same month in 2022. Likewise, the share of coffee extract decreased by 0.8 percentage points, while that of roasted coffee increased slightly by 0.4 percentage points. These trends reflect the diversity of products and preferences in the global market, as well as changes in demand and supply of Colombian coffee.
Analysis of World Exports - ICO
Global coffee exports of all types for November 2023 reached 9.79 million bags, a significant increase of 7.6% compared to the 9.1 million bags in the same month last year. This increase in global exports reflects increased demand and activity in the international coffee market.
The cumulative total for the 2023/24 coffee year through November is 18.93 million bags, representing a 3.9% increase compared to the same period in the previous coffee year. This growth indicates a positive trend in global coffee production and trade, driven by several factors, such as favorable weather conditions in some producing regions and economic recovery in several consumer countries.
In particular, Brazilian Natural coffee exports experienced a modest 1.6% increase in November, reaching 3.63 million bags. This suggests stable demand for Brazilian coffee, which is known for its volume and consistency in the global market.
On the other hand, Colombian Milds registered a notable 34.0% increase in November exports, reaching 1.15 million bags. This increase can be attributed to several factors, such as the premium quality and distinctive flavor profile of Colombian coffee, which make it highly sought after by international consumers. Furthermore, marketing and promotional strategies implemented by the Colombian coffee sector may have contributed to this increase in exports.
Colombian Coffee in the Global Context
Colombian coffee continues to stand out in the global market for its exceptional quality and reputation as one of the finest coffees in the world. With a significant increase in exports in November 2023, Colombian coffee remains highly valued by international consumers, who appreciate its smooth flavor, balanced body, and distinctive notes.
The upward trend in Colombian coffee exports reflects the country's commitment to excellence in coffee production and processing. Furthermore, the growing demand for Colombian coffee in the global market highlights the crucial role the country plays in the global coffee industry and its contribution to national and international economic and social development.