Russia may once again become a tea-consuming country. For more information on export to China, please call SINOLOBEN, service Email: email@example.com.
According to expert forecasts, coffee consumption in Russia could decrease by at least 5% by the end of this year, according to "Rossiyskaya Gazeta".
The price of coffee rose back when the outbreak began, and now prices are rising even more because of logistics and difficulties in settling with suppliers. Because of this, some consumers will turn to tea.
Ramaz Chanturia, general director of the Russian Tea and Coffee Association, predicted, "Coffee will not be cheap for the next five to seven years."
Russians will not refuse the drink, but will reduce the amount of coffee they drink each day. In the last 30 years, coffee consumption has increased tenfold. Statistics from the Agricultural Bank of Russia show that coffee consumption has increased from 0.2 kg to 2.1 kg per person per year. The Russian Tea and Coffee Association noted that in 2019 coffee demand in Russia exceeded tea for the first time.
Experts explain that in 2021, coffee prices rose due to the failure of the coffee harvest in Brazil (the world's leading coffee producer) and a sharp increase in freight costs during the pandemic. During the one-year period, coffee prices rose 2.5 times and freight costs tripled. in February 2022, coffee prices soared to their highest level in 10 years. As of the end of March, global coffee prices rose again due to a sharp rise in fertilizer prices and a possible shortage, Bloomberg reported. Natural gas accounts for a large portion of the production cost of mineral fertilizers, and right now, it is very expensive due to the political situation in most countries.
Coffee and tea for the Russian market come from countries that have not imposed sanctions on Russia, including India, Sri Lanka, Kenya, Indonesia, China, Vietnam and Brazil. But the main problems now are related to changes in delivery routes and difficulties at European hubs due to the refusal of large logistics companies to ship goods to Russia. Chanturia admits that this could lead to short-term supply disruptions. Importers are also forced to include all these risks in their prices.
The expert stressed that Russia will import raw coffee beans, which will be roasted and packed in Russia, and that Russian companies still have stocks of the raw material.
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