Part 11/13:

• Global Consumption: Coffee consumption soared by 16% between 2014 and 2022 and continues upwards, creating a supply-demand mismatch that keeps prices elevated.

Future Outlook and Consumer Implications

Industry analysts warn that with the ongoing effects of climate change, particularly the anticipated impact of El Niño in 2023 and beyond, global coffee yields could fall further, exacerbating shortages and price hikes. The combination of growing global demand and supply constraints suggests that coffee prices are unlikely to fall significantly in the near future.