Costa Rica: Market for Coffee (Decaffeinated or Roasted) 2024

Market Size for Coffee (Decaffeinated or Roasted) in Costa Rica

The Costa Rican decaffeinated or roasted coffee market fell to $X in 2022, shrinking by X% against the previous year. In general, consumption, however, posted buoyant growth. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Production of Coffee (Decaffeinated or Roasted) in Costa Rica

In value terms, decaffeinated or roasted coffee production dropped to $X in 2022 estimated in export price. In general, production, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Exports of Coffee (Decaffeinated or Roasted)

Exports from Costa Rica

In 2022, shipments abroad of coffee (decaffeinated or roasted) decreased by X% to X tons, falling for the second year in a row after three years of growth. Over the period under review, exports continue to indicate a noticeable setback. The most prominent rate of growth was recorded in 2020 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, decaffeinated or roasted coffee exports dropped to $X in 2022. In general, exports recorded a mild reduction. The growth pace was the most rapid in 2019 when exports increased by X%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons), Panama (X tons) and El Salvador (X tons) were the main destinations of decaffeinated or roasted coffee exports from Costa Rica, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Panama (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for coffee (decaffeinated or roasted) exports from Costa Rica, comprising X% of total exports. The second position in the ranking was taken by Panama ($X), with an X% share of total exports. It was followed by Chile, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (X% per year) and Chile (X% per year).

Export Prices by Country

The average decaffeinated or roasted coffee export price stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Nicaragua ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Coffee (Decaffeinated or Roasted)

Imports into Costa Rica

For the third consecutive year, Costa Rica recorded growth in purchases abroad of coffee (decaffeinated or roasted), which increased by X% to X tons in 2022. Over the period under review, imports posted a resilient expansion. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, decaffeinated or roasted coffee imports soared to $X in 2022. In general, imports recorded a resilient expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Honduras (X tons) constituted the largest decaffeinated or roasted coffee supplier to Costa Rica, accounting for a X% share of total imports. Moreover, decaffeinated or roasted coffee imports from Honduras exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold. The third position in this ranking was taken by Mexico (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Honduras stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Mexico (X% per year).

In value terms, Honduras ($X) constituted the largest supplier of coffee (decaffeinated or roasted) to Costa Rica, comprising X% of total imports. The second position in the ranking was taken by the UK ($X), with an X% share of total imports. It was followed by Mexico, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Honduras amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and Mexico (X% per year).

Import Prices by Country

In 2022, the average decaffeinated or roasted coffee import price amounted to $X per ton, jumping by X% against the previous year. Overall, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, decaffeinated or roasted coffee import price increased by X% against 2020 indices. Over the period under review, average import prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Nicaragua ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform