According to e-commerce platform data, coffee shop group purchase orders have increased by 250% year-on-year in the past three months (April June 2023), making it the fastest-growing category among various beverages. Data shows that there are currently over 180000 coffee related enterprises in China. In 2022, there were over 34000 newly registered enterprises, with a growth rate of 11.75%. As of now, China has added approximately 14800 coffee related enterprises this year, an increase of 3.79% compared to the same period in 2022. Zhang Yi, Chief Analyst of iMedia Consulting, stated that the coffee market is entering a stage of rapid development. Data shows that it is expected that the Chinese coffee industry will maintain a high-speed growth rate of 25% -35% in the coming years, and the entire national market size is expected to exceed trillion yuan by 2025.

Another trillion RMB market?! Come right away!

In the hot summer, a cup of Iced coffee has become a choice for many people to cool off and refresh themselves. Since the beginning of this year, the popularity of coffee consumption has continued to rise, which has also led to the continuous expansion of the domestic coffee market.

There are more than 30 coffee shops in a street and lane in Wuhou District, Chengdu, Sichuan Province. A cup of coffee every day has become a daily habit for many people.

Not only Chengdu, but also the domestic coffee consumption market has entered a stage of rapid development. According to data from e-commerce platforms, in the past three months (April June 2023), the group purchase order volume of coffee shops has increased by 250% year-on-year, making it the fastest-growing category among various beverages.

Tang Xukai, General Manager of a certain coffee company in Kunshan, Jiangsu: So far, there are more than 200 stores nationwide, and sales have been continuously increasing.

Not only is the consumption of freshly ground coffee growing rapidly, but ready to drink coffee is also favored by consumers due to its convenience. Recently, a ready to drink coffee production enterprise located in Guangdong has been producing at full capacity.

Li Jiamin, the person in charge of a certain coffee company: There are also provincial capital cities, but more and larger sales actually come from the sinking market, third, fourth, and fifth tier cities. Due to the rapid growth of the market, the demand for coffee raw materials is increasing, with an average monthly increase of 11% -13%.

Data shows that there are currently over 180000 coffee related enterprises in China. In 2022, there were over 34000 newly registered enterprises, with a growth rate of 11.75%. As of now, China has added approximately 14800 coffee related enterprises this year, an increase of 3.79% compared to the same period in 2022.

Zhang Yi, Chief Analyst of iMedia Consulting: The coffee market is entering a stage of rapid development. Data shows that it is expected that the Chinese coffee industry will maintain a high-speed growth rate of 25% -35% in the coming years, and the entire national market size is expected to exceed trillion yuan by 2025.

Expansion of the scope of import origin

Rapid increase in import of coffee beans

The booming coffee consumption market has also driven a significant increase in the import of coffee beans. In the first five months of this year alone, Jiangsu Province imported over 8100 tons of coffee beans, with an import value of 250 million yuan, a year-on-year increase of 65%.

A smart warehouse located at the Asia Pacific Coffee Bean Distribution Center in Kunshan, Jiangsu Province, has coffee beans from 15 countries and regions around the world.

Wang Rui, Warehouse Manager of an International Trade Co., Ltd. in Kunshan, Jiangsu: In 2022 and 2021, we mainly imported coffee beans from Brazil, Colombia, and Ethiopia. This year, we expanded into Costa Rica.

This year, Wang Rui's enterprise imported 76.8 tons of raw coffee beans from Costa Rica for the first time. With the announcement of the General Administration of Customs on June 13, Honduras was allowed to import coffee beans. Now, Wang Rui and his colleagues have turned their gaze back to there.

The origin range of imported coffee beans is expanding, and the import volume is also increasing. The head of a baking company told reporters that since the beginning of this year, with the increase in customer orders, the number of raw material coffee beans purchased has significantly increased compared to last year.

News source: CCTV Finance

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