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    Home > Food News > Food Articles > South Korea ranks third in coffee shop sales in the world

    South Korea ranks third in coffee shop sales in the world

    • Last Update: 2020-11-25
    • Source: Internet
    • Author: User
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    In South Korea, the number of people who start with a cup of coffee for breakfast to drink a cup of coffee after lunch has made it the world's third-largest coffee shop republic in more than a decade.
    17th, Euromonitor, a specialist research agency, found that coffee (chains, etc.) provided by coffee shops had the highest annual sales in the United States, with annual sales of $26.1 billion (provisional for 2018), ranking first by an overwhelming majority.
    second place is China, which is changing from a "tea-drinking power" to a "coffee country".
    increased from $300 million in 2007 to $5.1 billion in 2018.
    third place is South Korea, which has grown rapidly into a big coffee consumer.
    coffee shop sales in South Korea grew rapidly from $600 million in 2007 to $4.3 billion ($4.87 trillion, estimated) in 2018.
    this period, the national ranking also rose from 7th to 3rd place.
    if you take into account South Korea's population (51.81 million), South Korea consumes more coffee per capita than the top-ranked U.S. (329.09 million).
    south Korean coffee shop sales have soared because coffee has become a popular "habit" as popular coffee consumption has become a long-term trend.
    is also one reason why "coffee consumption" is equated with "space consumption" because people like "curry students( people who study in coffee shops) " go to coffee shops for study or parties.
    addition to coffee shop sales, capsule coffee, instant coffee and other sales are also part of the coffee market.
    in this area, the U.S. remains the number one with $14 billion in sales in 2018.
    , South Korea's sales in this area are $1.9 billion (10th place, or about 2.1536 trillion won), according to a survey.
    coffee was once thought to be the main cause of waste of foreign exchange.
    coffee became Korea's main export after the first decade of the 21st century.
    south Korea, which does not produce crude oil, has cultivated petroleum products into major exports.
    exports of coffee products (instant coffee, coffee spices, etc.) were about $270 million last year, according to statistics such as the Korea Agricultural and Aquatic Food Circulation Commune (aT).
    is the result of increased exports to overseas markets such as China and Indonesia, said Huang Daoyuan, minister of food exports at AT.
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