GCC: Market for Coffee (Decaffeinated or Roasted) 2024

Market Size for Coffee (Decaffeinated or Roasted) in GCC

In 2022, the GCC decaffeinated or roasted coffee market decreased by X% to $X for the first time since 2014, thus ending a seven-year rising trend. In general, consumption, however, saw strong growth. Over the period under review, the market reached the peak level at $X in 2021, and then reduced in the following year.

Production of Coffee (Decaffeinated or Roasted) in GCC

In value terms, decaffeinated or roasted coffee production fell modestly to $X in 2022 estimated in export price. Overall, production, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Coffee (Decaffeinated or Roasted)

Exports in GCC

In 2022, approx. X tons of coffee (decaffeinated or roasted) were exported in GCC; growing by X% against 2021. Over the period under review, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, decaffeinated or roasted coffee exports skyrocketed to $X in 2022. Overall, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates dominates exports structure, reaching X tons, which was approx. X% of total exports in 2022. It was distantly followed by Saudi Arabia (X tons), constituting a X% share of total exports. Kuwait (X tons) took a relatively small share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the coffee (decaffeinated or roasted) exports, with a CAGR of X% from 2012 to 2022. At the same time, Kuwait (X%) and Saudi Arabia (X%) displayed positive paces of growth. While the share of the United Arab Emirates (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Kuwait (X p.p.) and Saudi Arabia (X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) remains the largest decaffeinated or roasted coffee supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total exports.

In the United Arab Emirates, decaffeinated or roasted coffee exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Saudi Arabia (X% per year) and Kuwait (X% per year).

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the export price posted a buoyant expansion. The growth pace was the most rapid in 2019 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the export prices failed to regain momentum.

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 the United Arab Emirates ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Coffee (Decaffeinated or Roasted)

Imports in GCC

For the sixth year in a row, GCC recorded growth in overseas purchases of coffee (decaffeinated or roasted), which increased by X% to X tons in 2022. Overall, imports saw buoyant growth. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. The volume of import peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, decaffeinated or roasted coffee imports declined modestly to $X in 2022. In general, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2021, and then contracted modestly in the following year.

Imports by Country

Saudi Arabia (X tons) and the United Arab Emirates (X tons) dominates imports structure, together constituting X% of total imports. Qatar (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Kuwait (X%). Oman (X tons) and Bahrain (X tons) followed a long way behind the leaders.

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

In value terms, the largest decaffeinated or roasted coffee importing markets in GCC were the United Arab Emirates ($X), Saudi Arabia ($X) and Kuwait ($X), with a combined X% share of total imports. Qatar, Bahrain and Oman lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Qatar, 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 GCC stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2014 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Bahrain ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform