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Tuesday, May 18, 2010

Coffee economics

Having read about the impending world coffee supply issues, I thought I would have a look at some of the raw data.  The International coffee organisation provides a great set of data that you can download.  Firstly I would like to say that I am not a statistician or economist, so please feel free to comment on the data and charts if you feel they are not a good representation of the actual data.  All references to bags are 60kg coffee bags.

So who are the big producers of coffee?  The following chart outlines the top 10 producing countries over the period of 2000 to 2008.  Brazil is by far the biggest world producer of coffee.

Has the world been producing more and more coffee over the years?  Well as the following chart shows coffee production is on the up but is rather erratic.
So who drinks all the coffee, which countries are the big importers?  The USA and Germany import the most coffee.
Let's now look at the total world coffee imports, there is a significant rise in total imports.

What is happening in New Zealand?  Are we importing more coffee? Looks like we are, but are we reaching a plateau?

So how many espressos can we make with 260,000 60kg bags of coffee, given that approx 8 grams is used per cup?

(260,000 * 60 ) /  0.008 = 1950 Million cups

There are 4,268,900 people in NZ so we each drink about 450 cups a year.

Other interesting aspects would be to compare total imports per capita, and also what the coffee price is doing.

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