Industry Analysis & Industry Trends
The Coffee, Tea and Spices Wholesaling industry imports and distributes important grocery staples, including tea, coffee, cocoa and spices. According to statistics published by UK Tea and Infusions Association, Britain is the world's third-largest consumer of tea per person and the largest drinker of instant coffee in Europe, with an average of 165 million cups of tea and 70 million cups of coffee consumed every day. Each Briton eats, on average, 16.3 pounds of chocolate a year, making the United Kingdom the fourth-largest chocolate consumer in the world. Additionally, Britain's palate for curry, Asian cuisine and new types of food maintains demand for spices.
Over the past five years, volatile commodity prices and changing consumer preferences have affected the industry... purchase to read more
Industry Report - Industry Analysis Chapter
The Coffee, Tea and Spices Wholesaling industry provides the raw materials for the country’s most popular beverages and grocery staples. It also moves processed products to retail markets. Revenue levels largely depend on the prices of commodities, particularly coffee and cocoa, which are set on world markets. Most industry products are sourced from foreign markets and many are priced in US dollars. For this reason, the value of the pound against the dollar can affect commodity prices and, consequently, industry revenue. Downstream markets in the United Kingdom key in determining the level of demand for products and raw materials, but trends in manufacturing and end retail markets can also be influential.
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