Coffee prices around the world
At Service Partner ONE our main goal is to make offices happy. More often than not one of the top priorities for the companies we work with is a good supply of coffee. With ⅖ of the world’s coffee consumption taking place whilst at work, coffee is the oil that keeps companies running. We’re more than aware that coffee is a valuable commodity, but were interested in discovering where in the world you can purchase a less expensive coveted cup of Joe. To do this, we created the 2016 Coffee Price Index.
To create the Index we researched four separate coffee costs in 75 cities globally to calculate an average value of coffee worldwide. These costs included: the median cost of coffee at home, the cost of coffee in Starbucks, the average cost of a coffee in an independent coffee shop, and the average cost to a company per cup of coffee in an office environment.
Our research found that Rio de Janeiro, Brazil, offered the cheapest coffee options at an average of 94 cents per serving, taking into account all four factors. At the other end of the scale Zurich, Switzerland, offered the most expensive average coffee servings at €3.24, nearly three-and-a-half times more expensive than Rio.
Sven Hock, CEO of Service Partner ONE said, “Coffee is the fuel of every office, it is not only part of our culture, it is a culture. Whether you’re sitting down with an old friend, enjoying a cup with your spouse, or taking a break with your colleagues, coffee brings us together and motivates us.”
Largest Coffee Producers *
|#||City||Country||Office1||Starbucks2||Coffee Shop3||Home4||Ø-Cost||Consumption (kg/Capita)5|
|1||Rio de Janeiro||Brazil||0.14 €||1.34 €||2.17 €||0.11 €||0.94 €||4.8|
|2||Sao Paulo||Brazil||0.14 €||1.34 €||2.20 €||0.11 €||0.95 €||4.8|
|3||Lima||Peru||0.13 €||2.60 €||2.41 €||0.11 €||1.31 €||1.0|
|4||Milan 6||Italy||0.33 €||3.50 €||1.62 €||0.21 €||1.42 €||3.4|
|5||Seville||Spain||0.36 €||3.50 €||1.56 €||0.29 €||1.43 €||3.0|
|6||Ha Noi||Vietnam||0.39 €||3.00 €||2.03 €||0.33 €||1.44 €||0.7|
|7||Valencia||Spain||0.36 €||3.50 €||1.76 €||0.29 €||1.48 €||3.0|
|8||Guatemala City||Guatemala||0.25 €||2.96 €||2.54 €||0.21 €||1.49 €||2.0|
|9||Kuala Lumpur||Malaysia||0.11 €||3.08 €||2.88 €||0.09 €||1.54 €||3.9|
|10||Manila||Philippines||0.26 €||2.64 €||3.09 €||0.22 €||1.55 €||1.2|
* Taken from the top 15 producers worldwide, 10 of these countries included in our ranking.
1 Cost of office coffee calculated via the method above, including the average service and purchase costs of coffee machine over a relevant time period.
2 Price for Starbucks calculated from an average cost of Grande Latte in several locations within each city. Prices may differ at same-brand outlets.
3 Price for independent coffee was calculated by averaging the cost of a medium cappuccino, or similar drink where necessary, from several independent outlets within each city.
4 Cost of home coffee calculated by taking an average cost of a 500g pack of 100% Colombian ground coffee from several outlets in the locality, divided by the recommended serving size for one cup of coffee.
5Annual consumption figures from CaffeineInformer report based on statistics from EuroMonitor. Based on most recently reported figures.
6 Starbucks not yet available in Italy. Milan Starbucks cost based on estimation of future price, taking into account costs from similar cities.
Currency exchanges true on 25th October 2016.