U.S. Coffee and Tea Market. Analysis and Forecast to 2030
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View PricingU.S.: Coffee And Tea Market 2024
Coffee And Tea Market Size in the U.S.
In 2023, the U.S. coffee and tea market decreased by X% to $X for the first time since 2018, thus ending a four-year rising trend. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2022, and then dropped modestly in the following year.
Coffee And Tea Production in the U.S.
In value terms, coffee and tea production dropped modestly to $X in 2023. Overall, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2016 to 2023, production growth failed to regain momentum.
Coffee And Tea Exports
Exports from the U.S.
In 2023, after two years of growth, there was decline in overseas shipments of coffee and tea, when their volume decreased by X% to X tons. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when exports increased by X%. The exports peaked at X tons in 2014; however, from 2015 to 2023, the exports failed to regain momentum.
In value terms, coffee and tea exports rose modestly to $X in 2023. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when exports increased by X%. Over the period under review, the exports attained the maximum in 2023 and are expected to retain growth in years to come.
Exports by Country
Canada (X tons) was the main destination for coffee and tea exports from the United States, accounting for a X% share of total exports. Moreover, coffee and tea exports to Canada exceeded the volume sent to the second major destination, South Korea (X tons), eightfold. Mexico (X tons) ranked third in terms of total exports with a X% share.
From 2013 to 2023, the average annual growth rate of volume to Canada totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Mexico (X% per year).
In value terms, Canada ($X) remains the key foreign market for coffee and tea exports from the United States, comprising X% of total exports. The second position in the ranking was held by South Korea ($X), with a X% share of total exports. It was followed by Mexico, with a X% share.
From 2013 to 2023, the average annual rate of growth in terms of value to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Mexico (X% per year).
Export Prices by Country
The average coffee and tea export price stood at $X per ton in 2023, picking up by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 an increase of X%. Over the period under review, the average export prices attained the peak figure in 2023 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Thailand ($X per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.
Coffee And Tea Imports
Imports into the U.S.
In 2023, after two years of growth, there was significant decline in overseas purchases of coffee and tea, when their volume decreased by X% to X tons. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X%. Imports peaked at X tons in 2022, and then declined in the following year.
In value terms, coffee and tea imports reached $X in 2023. Overall, total imports indicated prominent growth from 2013 to 2023: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2013 indices. The most prominent rate of growth was recorded in 2022 with an increase of X%. Over the period under review, imports attained the maximum in 2023 and are likely to see steady growth in the immediate term.
Imports by Country
Canada (X tons), Mexico (X tons) and Argentina (X tons) were the main suppliers of coffee and tea imports to the United States, with a combined X% share of total imports. Brazil, Germany, Colombia, Switzerland, India, China, Vietnam, Italy and Indonesia lagged somewhat behind, together accounting for a further X%.
From 2013 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.
In value terms, Switzerland ($X), Canada ($X) and Mexico ($X) appeared to be the largest coffee and tea suppliers to the United States, with a combined X% share of total imports.
Switzerland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
In 2023, the average coffee and tea import price amounted to $X per ton, increasing by X% against the previous year. Overall, import price indicated a resilient expansion from 2013 to 2023: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, coffee and tea import price increased by X% against 2017 indices. The growth pace was the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure in 2023 and is likely to see gradual growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Switzerland (X%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the coffee and tea market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- NAICS 311920 - Coffee and tea manufacturing
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
- Production Coffee and Tea the United States
- Coffee and Tea Price the United States
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