Coffee prices are continuing their record-breaking climb in global markets, with experts warning of potential shortages ahead due to increasing demand and diminishing supply.
In the Czech Republic, coffee prices have surged 46% compared to 2015, outpacing the EU average increase of 34%. A 250-gram package of roasted coffee beans now costs around 130 CZK in 2024, marking a 10 CZK increase from the previous year. Industry analysts predict prices could rise by an additional 10-30% in 2025.
The situation is particularly dire for Arabica coffee, which has reached its highest price since 2011 at over three dollars per pound. Brazil, the world’s largest producer, faces production challenges due to drought conditions, contributing to the price surge. New harvests are commanding 30-40% higher prices per kilogram.
Rising demand in Asian markets, particularly China and South Korea, is adding pressure to the already strained supply chain. The trend is also gaining momentum in South America and among younger generations globally. Consumer preferences are shifting towards premium whole bean coffee, moving away from instant varieties, while sales of home coffee machines have increased by 10-20% year-over-year.
Looking ahead to 2025, experts predict a historic turning point where global consumption will exceed production for the first time, potentially making coffee a scarce commodity.