The National Federation of Coffee Growers (FNC), Dane and Dian, pointed out that in the first quarter of 2024, China became the second most important buyer of Colombian coffee, behind the United States, and although at the end of the year it will being sixth, projections give indications that in the coming years it could consolidate itself in second place.
It is worth remembering that this Asian country went from being the eighteenth destination for Colombian coffee exports in 2019, to being the sixth destination in 2023, with 540,000 60kg bags. This will be one of the central themes that will be present at the 88th version of the Coffee Summit, organized by Asoexport and Analdex, in Cartagena, on November 7 and 8, at the Hyatt hotel.
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“Without a doubt, China is a very attractive market for the country’s coffee exporters, because consumption has been increasing strongly year after year and it is essential for our coffee to accompany that growth. Likewise, the Coffee Summit will be the occasion to address fundamental issues for the industry such as the European Green Deal, artificial intelligence applied to coffee consumption and other supply and demand trends worldwide,” said Gustavo Gómez, president of Asoexport. .
For his part, Javier Díaz, president of Analdex, indicated that “the international price of coffee has reached very interesting highs for our exports. By 2025, if the harvest in Brazil is going to have difficulties, Colombia can continue to gain ground in different markets abroad.”
According to an analysis by market research company Mordor Intelligence, the size of the Chinese coffee market is estimated at US$2.06 billion in 2023. It is expected to reach US$2.26 billion in 2028, registering a CAGR of 1.90% during the planned period (2023-2028).
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