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Research Outline
Prepared for ammar k. | Delivered December 5, 2019
Coffee Market in the Maldives
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Goals
Identify the market size in the Maldives and determine the opportunity to sell coffee beans and coffee machines in order to evaluate an investment opportunity. All numbers will be given in USD.
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Early Findings
Maldives Coffee Statistics
The Maldives imports
$3.46 million
worth of coffee and tea extracts annually, making up
0.25%
of its total imports and
3%
of its foodstuffs imports.
Of the coffee and tea imports,
58%
come from Malaysia and
32%
come from Australia.
The Maldives
does not export
any coffee.
Over the past five years, imports of coffee have decreased at a rate of
0.17
.
The average cost of a
coffee
in Male, Maldives is between $1.60 and $2.60. A package of instant coffee in a grocery stores costs about
$6.10
.
Movenpick
, a coffee bean, capsule, and machine company, launched its brand in the Maldives in March 2018.
Between January and
S
e
p
t
e
m
b
e
r
o
f
2
0
1
9
, the Maldives imported
106,005,400 MVR
or
6,861,190 USD
of coffee.
Global Coffee Statistics
The global coffee beans market size was valued at
$10.471 million
in 2017, with noted growth in the Asia-Pacific region.
The global coffee machine market size was valued at
$5.88 billion
in 2018, with noted growth in Asia.
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