Eastern Asia: Roasted Decaffeinated Coffee Market 2024

Roasted Decaffeinated Coffee Market Size in Eastern Asia

The East Asian roasted decaffeinated coffee market was estimated at $X in 2022, rising by 5.2% against the previous year. Overall, consumption continues to indicate a prominent increase. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Roasted Decaffeinated Coffee Production in Eastern Asia

In value terms, roasted decaffeinated coffee production rose remarkably to $X in 2022 estimated in export price. In general, production showed prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of 64% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Roasted Decaffeinated Coffee Exports

Exports in Eastern Asia

In 2022, shipments abroad of roasted decaffeinated coffee decreased by -26.6% to X tons, falling for the third year in a row after two years of growth. In general, exports saw a deep reduction. The most prominent rate of growth was recorded in 2016 when exports increased by 64%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, roasted decaffeinated coffee exports declined dramatically to $X in 2022. Overall, exports showed a pronounced decrease. The most prominent rate of growth was recorded in 2016 with an increase of 158%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, Macao SAR (X tons) represented the main exporter of roasted decaffeinated coffee, committing 57% of total exports. Taiwan (Chinese) (X tons) took the second position in the ranking, followed by South Korea (X tons), China (X tons) and Hong Kong SAR (X tons). All these countries together held approx. 42% share of total exports.

Macao SAR was also the fastest-growing in terms of the roasted decaffeinated coffee exports, with a CAGR of -1.7% from 2012 to 2022. Taiwan (Chinese) (-9.4%), South Korea (-9.9%), Hong Kong SAR (-16.8%) and China (-16.8%) illustrated a downward trend over the same period. While the share of Macao SAR (+29 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Taiwan (Chinese) (-1.9 p.p.), South Korea (-2 p.p.), Hong Kong SAR (-8.8 p.p.) and China (-16.6 p.p.) displayed negative dynamics.

In value terms, Macao SAR ($X), China ($X) and Taiwan (Chinese) ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising 75% of total exports.

China, with a CAGR of -1.3%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, which is down by -5.4% against the previous year. Export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, roasted decaffeinated coffee export price decreased by -20.2% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the export price increased by 57%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while Macao SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+18.5%), while the other leaders experienced more modest paces of growth.

Roasted Decaffeinated Coffee Imports

Imports in Eastern Asia

In 2022, overseas purchases of roasted decaffeinated coffee increased by 20% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports recorded a strong increase. The pace of growth was the most pronounced in 2019 when imports increased by 42%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, roasted decaffeinated coffee imports shrank modestly to $X in 2022. Over the period under review, imports showed a prominent increase. The growth pace was the most rapid in 2016 when imports increased by 37% against the previous year. The level of import peaked at $X in 2021, and then contracted modestly in the following year.

Imports by Country

South Korea represented the major importer of roasted decaffeinated coffee in Eastern Asia, with the volume of imports recording X tons, which was near 58% of total imports in 2022. China (X tons) ranks second in terms of the total imports with a 24% share, followed by Japan (8.9%) and Hong Kong SAR (7.7%).

South Korea was also the fastest-growing in terms of the roasted decaffeinated coffee imports, with a CAGR of +26.6% from 2012 to 2022. At the same time, Japan (+9.9%) and China (+1.6%) displayed positive paces of growth. By contrast, Hong Kong SAR (-5.9%) illustrated a downward trend over the same period. South Korea (+47 p.p.) and Japan (+1.9 p.p.) significantly strengthened its position in terms of the total imports, while China and Hong Kong SAR saw its share reduced by -16.9% and -20.8% from 2012 to 2022, respectively.

In value terms, South Korea ($X) constitutes the largest market for imported roasted decaffeinated coffee in Eastern Asia, comprising 57% of total imports. The second position in the ranking was taken by China ($X), with a 24% share of total imports. It was followed by Japan, with a 13% share.

In South Korea, roasted decaffeinated coffee imports expanded at an average annual rate of +22.3% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: China (+3.2% per year) and Japan (+8.1% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, declining by -17.5% against the previous year. Import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, roasted decaffeinated coffee import price increased by +9.0% against 2018 indices. The pace of growth was the most pronounced in 2021 when the import price increased by 46% against the previous year. As a result, import price attained the peak level of $X per ton, and then contracted dramatically in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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