Economy Events Local February 16, 2025

Coffee Market Growth in Dubai Amid Global Price Surge

Experts highlight that increased competitiveness and demand in Dubai's coffee market will mitigate the impact of rising global coffee prices, with a projected revenue of $22.47 million in 2023.


Coffee Market Growth in Dubai Amid Global Price Surge

Experts in the field of coffee product supplies assert that increased competition and rising demand in the Emirati markets will help soften the impact of significant price increases observed in global markets recently, and mitigate the expected increases in local prices. According to the experts, in Emirati markets, supply for coffee has seen more than a 30% increase in demand since the beginning of the current year, thanks to support from the tourism sector, business, and population growth. This diminishes the impact of sharp price increases for coffee globally due to competition in the supply sector in the OAA markets. 'Statistics' predicts that coffee market revenues in the OAA will reach 22.47 million dollars (82.4 million dirhams) this year, with an annual growth of more than 11%. The general director 'Krishnaash,' who is involved in the trading and supply of coffee, notes that coffee prices in global markets have risen to record levels since the beginning of the year, especially for the Arabic variety – up to 100% compared to last year. In Emirati markets, demand for coffee products has increased by more than 30% this year due to tourism, active business, and events, which has increased competition in local markets and reduced the influence of global price increases on local levels, while also shortening the necessary time for their reflection on different markets. The first lady of 'Columbian Coffee' speaks of cardinal changes in global coffee market indicators this year. Global price increases have been cited as reducing coffee supply. Increasing demand and competition in Emirati markets will soften the influence of global price increases on local levels. The head of the company for coffee supply and trading 'Kuyuz' suggests that increased competition and demand in Emirati markets will reduce the influence of global price increases on local levels to 15%. The director of the company 'Suvare,' responsible for coffee supply and trading, acknowledges that under conditions of rising demand and competition in local markets, it will be difficult to embed global price increases, and companies will strive to maintain their market share, reducing the levels of increases to remain competitive. The vice-president of 'DXB Live' in Dubai's International Trade Center notes a significant growth in demand for coffee and competition in local markets, emphasizing that this is reflected in the great interest in participating in the 'World Coffee 2025' exhibition, where the growing competition from global companies for supply to regional markets is revealed through the exhibition platform in Dubai.