Apple and Coffee Prices: Market Trends and Factors

Crop (USA)
2024.08.16

Abstract

Apples and coffee are important crops in the global agricultural market, but their prices are highly dependent on supply and demand. Prices for U.S. apples, particularly those from Washington state, are reported to be around $351 per pound (USD/LB) in 2022, which is on the high side. This is due to fluctuations in quality, production costs and supply chains. On the other hand, coffee fruit nut prices fluctuate widely on the world market. Prices are directly affected by fluctuations in supply, weather conditions and international demand, especially from major producing countries such as Brazil and Colombia. In recent years, coffee prices have been rising due to climate change and socio-political issues in producing countries. Both prices are closely related to the characteristics of the producing region and global market trends. While apples tend to have relatively stable markets, coffee is characterized by large price fluctuations.

Average price (apple)

The average annual price of apples in the United States has shown a lot of variation over time. Data from 1909 to 2022 shows that the highest price recorded was $1.08 (usd/lb) in New Jersey in 2016, which represents the peak of the apple market. This high price is a result of good quality, increasing demand and limited supply. However, current prices are only 87.3% of their peak, which is due to market maturity, competition and changing climatic conditions. Historically, apple prices in the United States have shown varying trends across different regions, with New Jersey in particular experiencing temporary price spikes. The recent price declines are due to factors including fluctuations in production costs, increasing transportation costs, and intensifying competition both domestically and internationally. Changing consumer preferences and competition from other fruits also affect prices. Although apple prices fluctuate greatly depending on the region and year, they tend to be stable over the long term.

Average price (apple)
agri

The maximum is 1.08usd/LB[2016] of NEW JERSEY, and the current value is about 87.3%

Average price (Apple, latest year)

According to 2022 data, the highest annual average price of apples in the United States was recorded in Washington State at $351 (usd/lb). Washington state is the leading apple-producing region in the United States, and the price peak reflects the very high quality and market value of the state’s apples. This price is the highest price as of 2022 and is 100% peak rated. Several factors have contributed to the high prices of apples in Washington state in recent years. First, improved quality and technological innovations by producers are pushing up prices. Increased global demand and supply chain issues are also impacting prices. Additionally, climate change and extreme weather can affect yields and cause price fluctuations. Historically, the U.S. apple market has shown varying price trends depending on the region, but Washington State has always been known for its high quality and production. The price peak in 2022 is the result of a confluence of these factors, and future price trends will depend on production conditions and market demand.

Average price (Apple, latest year)
agri

The maximum is 351musd/LB of WASHINGTON, the average is 299musd/LB, and the total is 2.39usd/LB

Average price (coffee)

Data from 1946 show that the average annual price of coffee fruit nuts in the United States was $14.10 (USD/lb), which coincided with the highest price recorded at the time. This price is thought to be the result of high demand and supply constraints during the post-war economic recovery. Due to its nature, coffee is heavily influenced by the international market and is therefore characterized by large price fluctuations. In 1946, as the country was recovering from the war, the demand for coffee increased dramatically and supply could not keep up with it. This resulted in prices soaring. Additionally, prices at the time were set based on domestic demand in the United States and may have also reflected the price of imported coffee. The total price of US$28.20 is subject to special trading conditions and market factors and may differ from the normal market price. Historically, coffee prices have been strongly influenced by the global economy, climate change and supply chain issues. While the 1946 price peak reflected the unique market conditions at the time and may be significantly different from current prices, it provides a good example of coffee market volatility.

Average price (coffee)
agri

The maximum is 14.1usd/LB[2019] of US TOTAL, and the current value is about 95.7%

Average price (Coffee, latest year)

According to 2023 data, the average annual price of coffee fruit nuts in the United States is $13.50 (USD/lb), which coincides with the highest price in the state of Hawaii. This price reflects the unique market value and high quality of coffee beans available in Hawaii as the coffee growing center of the United States. Hawaii’s coffee is of high quality due to its geographical location and climate, which leads to high prices. The fact that the average and maximum prices are both the same at US$13.5 suggests that the market is generally stable. The total price of $27 USD may reflect different terms and conditions or special deals. While historical trends have shown that the U.S. coffee market has been heavily impacted by climate change, supply chain issues, and fluctuations in international demand, 2023 data shows the importance of stability and quality in the state’s coffee market. Within the United States, Hawaiian coffee has maintained high prices while other regions often see price fluctuations.

Average price (Coffee, latest year)
agri

The maximum is 13.5usd/LB of HAWAII, the average is 13.5usd/LB, and the total is 27usd/LB

Main data

APPLES(ALL CLASSES, ALL PRODUCTION PRACTICES, ALL UTILIZATION PRACTICES, PRICE RECEIVED, UNITED STATES) [musd/LB]
NEW JERSEY MINNESOTA VERMONT CONNECTICUT ILLINOIS WISCONSIN OHIO MAINE MASSACHUSETTS WASHINGTON
2022 351
2021 306
2020 319
2019 271
2018 336
2017 943 864 742 679 647 549 474 439 382 338
2016 1080 816 685 973 872 552 523 484 444 341
2015 886 807 432 585 558 578 420 504 530 394
2014 847 841 407 632 764 612 453 421 492 267
2013 451 832 451 741 528 508 418 516 520 362
2012 839 825 434 654 557 649 336 560 623 385
2011 672 832 304 539 575 497 367 474 603 357
2010 480 797 309 539 617 523 364 461 570 278
2009 499 591 237 517 518 414 346 426 461 272
2008 381 734 356 507 464 515 418 389 515 228
2007 229 637 332 489 688 468 435 409 437 342
2006 410 543 316 534 348 423 346 419 494 253
2005 313 535 304 462 372 399 286 341 448 179
2004 151 468 225 395 237 335 276 320 381 122
2003 146 436 266 371 291 334 274 298 346 219
2002 176 509 337 412 359 349 268 361 386 201
2001 162 475 241 322 237 293 236 290 324 178
2000 134 432 225 302 287 280 227 218 320 125
1999 128 414 205 276 214 281 219 202 268 171
1998 122 444 217 335 186 278 205 218 307 115
1997 132 443 187 312 196 294 221 193 258 164
1996 151 460 186 324 290 324 266 202 262 166
1995 159 403 184 276 210 241 200 180 251 215
1994 157 332 165 283 209 230 181 174 226 138
1993 159 329 170 235 169 224 160 205 202 142
1992 135 370 119 213 200 225 195 160 163 154
1991 166 429 217 271 174 208 227 229 254 220
1990 130 374 213 263 175 250 165 223 240 164
1989 153 278 192 243 130 156 175 207 217 93
1988 120 302 184 244 163 212 174 197 226 130
1987 124 230 180 212 119 155 158 191 206 73
1986 124 305 177 192 160 171 174 192 196 155
1985 118 220 165 166 122 140 144 163 184 170
1984 127 235 145 164 152 220 161 181 178 111
1983 105 203 144 158 133 166 160 154 169 114
1982 103 190 147 162 133 137 135 145 173 97
1981 130 193 173 177 129 140 206 174 199 109
1980 96 171 154 152 121 135 147 140 146 82
1979 106 180 121 147 124 138 157 146 155 127
1978 113 151 128 136 128 121 143 132 138 126
1977 96 164 125 135 99 125 155 119 128 130
1976 91 118 120 139 102 118 144 125 146 92
1975 64 129 103 107 76 94 96 102 104 61
1974 86 134 104 111 108 100 112 106 103 93
1973 95 124 128 130 90 122 112 133 133 84
1972 74 91 93 99 73 77 73 97 93 82
1971 55 75 65 62 58 78 66 69 66 62
1970 49 74 63 63 57 72 66 62 63 51
1969 53 71 78 78 54 68 62 64 70 29
1968 65 86 85 81 59 71 70 78 75 79
1967 57 63 61 67 50 68 64 55 61 73
1966 48 59 66 67 45 49 56 60 61 50
1965 46 68 65 60 43 51 49 59 53 56
1964 41 58 66 65 41 44 47 66 64 47
1963 50 69 64 61 46 45 58 61 58 35
1962 50 67 61 60 49 44 48 59 58 49
1961 44 65 55 52 44 37 49 56 53 56
1960 55 66 68 75 49 52 47 72 70 55
1959 38 59 45 51 44 44 44 51 50 45
1958 42 47 37 46 47 39 42 42 43 26
1957 41 53 42 42 49 38 44 46 42 20
1956 49 64 57 57 51 44 47 54 57 52
1955 38 55 40 39 50 46 42 34 39 36
1954 42 52 56 56 41 54 47 48 48 51
1953 48 52 54 58 46 53 49 53 52 49
1952 57 53 70 72 51 55 50 69 71 49
1951 40 40 41 42 37 40 31 40 37 43
1950 39 50 37 40 45 39 32 34 38 21
1949 33 27 35 39 29 27 25 38 33 19
1948 50 62 53 63 45 52 50 56 54 58
1947 44 46 54 55 37 44 40 58 47 43
1946 54 56 66 67 46 42 58 67 66 58
1945 75 70 90 90 53 75 76 91 84 63
1944 52 46 47 51 51 53 46 42 44 52
1943 54 45 43 53 55 44 55 37 45 53
1942 29 26 27 25 31 29 23 26 23 40
1941 23 20 23 26 20 19 18 24 25 24
1940 19 17 23 23 23 17 18 20 22 16
1939 14 18 18 20 18 15 12 18 17 14
1938 16 21 24 22 22 19 22 23 23 18
1937 16 21 20 22 15 16 13 20 19 13
1936 22 27 31 28 26 24 26 26 28 23
1935 17 15 24 21 14 13 16 20 20 15
1934 25 28 33 32 24 22 22 24 26 15
1933 20 15 21 20 21 17 20 14 16 17
1932 19 17 17 18 17 14 14 13 14 12
1931 20 18 23 27 14 18 10 18 24 14
1930 24 33 28 24 31 29 28 18 19 22
1929 36 28 31 43 37 27 39 20 34 29
1928 31 19 31 33 25 21 28 22 29 23
1927 31 27 30 36 33 32 33 23 33 36
1926 23 23 25 26 23 18 20 19 23 21
1925 29 26 34 35 27 23 30 20 30 28
1924 32 32 29 30 26 29 28 19 28 35
1923 30 24 49 35 25 22 24 22 30 22
1922 20 34 29 30 23 23 28 25 27 22
1921 38 38 40 38 52 41 46 26 52 31
1920 26 38 32 28 37 33 27 27 39 36
1919 36 44 36 42 40 36 50 22 43 41
1918 27 29 27 31 35 27 32 23 31 33
1917 24 24 23 28 22 23 28 20 29 25
1916 19 22 18 20 21 19 20 17 22 21
1915 14 18 20 18 11 14 12 19 20 19
1914 13 23 12 13 18 16 13 10 13 12
1913 18 15 22 17 15 14 23 21 27 27
1912 15 24 14 16 15 16 13 12 16 12
1911 17 17 16 15 14 14 11 12 20 23
1910 15 32 17 17 21 23 17 15 18 23
1909 19 17 20 19 18 18 18 12 18 34

Reference

U.S. Department of Agriculture – Large Datasets (qs.crops_20240504.txt.gz)

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