ECOWAS: Market for Coffee (Decaffeinated or Roasted) 2024

Market Size for Coffee (Decaffeinated or Roasted) in ECOWAS

The ECOWAS decaffeinated or roasted coffee market skyrocketed to $X in 2022, growing by X% against the previous year. The total consumption indicated a resilient expansion from 2012 to 2022: its value 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, consumption increased by X% against 2017 indices. The level of consumption peaked in 2022 and is likely to continue growth in the near future.

Production of Coffee (Decaffeinated or Roasted) in ECOWAS

In value terms, decaffeinated or roasted coffee production totaled $X in 2022 estimated in export price. In general, production saw a buoyant expansion. The growth pace was the most rapid in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Exports of Coffee (Decaffeinated or Roasted)

Exports in ECOWAS

In 2022, overseas shipments of coffee (decaffeinated or roasted) were finally on the rise to reach X tons for the first time since 2016, thus ending a five-year declining trend. In general, exports, however, continue to indicate a deep contraction. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, decaffeinated or roasted coffee exports surged to $X in 2022. Overall, exports, however, saw a deep reduction. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Burkina Faso (X tons) and Guinea (X tons) represented roughly X% of total exports in 2022. It was distantly followed by Ghana (X tons), Sierra Leone (X tons), Senegal (X tons) and Togo (X tons), together comprising a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Burkina Faso (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest decaffeinated or roasted coffee supplying countries in ECOWAS were Guinea ($X), Burkina Faso ($X) and Senegal ($X), with a combined X% share of total exports.

Among the main exporting countries, Burkina Faso, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a tangible expansion. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood 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 Senegal ($X per ton), while Ghana ($X per ton) was amongst the lowest.

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

Imports of Coffee (Decaffeinated or Roasted)

Imports in ECOWAS

After two years of growth, supplies from abroad of coffee (decaffeinated or roasted) decreased by X% to X tons in 2022. In general, imports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then shrank sharply in the following year.

In value terms, decaffeinated or roasted coffee imports contracted significantly to $X in 2022. Overall, imports, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2021, and then shrank notably in the following year.

Imports by Country

In 2022, Burkina Faso (X tons) was the largest importer of coffee (decaffeinated or roasted), making up X% of total imports. Senegal (X tons) took the second position in the ranking, followed by Cote d'Ivoire (X tons), Ghana (X tons) and Nigeria (X tons). All these countries together held approx. X% share of total imports. Mali (X tons) and Cabo Verde (X tons) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to decaffeinated or roasted coffee imports into Burkina Faso stood at X%. At the same time, Ghana (X%), Mali (X%), Senegal (X%), Nigeria (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Cabo Verde (X%) illustrated a downward trend over the same period. Ghana (X p.p.), Senegal (X p.p.), Burkina Faso (X p.p.), Mali (X p.p.) and Nigeria (X p.p.) significantly strengthened its position in terms of the total imports, while Cabo Verde saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest decaffeinated or roasted coffee importing markets in ECOWAS were Cote d'Ivoire ($X), Senegal ($X) and Ghana ($X), with a combined X% share of total imports.

Among the main importing countries, Ghana, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2022, jumping by X% against the previous year. Import price indicated a perceptible 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 decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2019 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Cote d'Ivoire ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform