Latin America and the Caribbean: Market for Coffee (Decaffeinated or Roasted) 2024

Market Size for Coffee (Decaffeinated or Roasted) in Latin America and the Caribbean

The Latin American decaffeinated or roasted coffee market declined to $X in 2022, remaining relatively unchanged against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X%. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Coffee (Decaffeinated or Roasted) in Latin America and the Caribbean

In value terms, decaffeinated or roasted coffee production fell modestly to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Exports of Coffee (Decaffeinated or Roasted)

Exports in Latin America and the Caribbean

In 2022, shipments abroad of coffee (decaffeinated or roasted) decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, decaffeinated or roasted coffee exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Colombia (X tons) and Mexico (X tons) represented the major exporters of coffee (decaffeinated or roasted) in 2022, recording near X% and X% of total exports, respectively. Honduras (X tons) took the next position in the ranking, distantly followed by Brazil (X tons). All these countries together held approx. X% share of total exports. The following exporters - Panama (X tons), Uruguay (X tons) and the Dominican Republic (X tons) - together made up X% of total exports.

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

In value terms, Colombia ($X), Mexico ($X) and Honduras ($X) constituted the countries with the highest levels of exports in 2022, together accounting for X% of total exports. Brazil, Panama, Uruguay and the Dominican Republic lagged somewhat behind, together accounting for a further X%.

Uruguay, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Panama ($X per ton), while Honduras ($X per ton) was amongst the lowest.

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

Imports of Coffee (Decaffeinated or Roasted)

Imports in Latin America and the Caribbean

In 2022, imports of coffee (decaffeinated or roasted) in Latin America and the Caribbean reached X tons, picking up by X% on the previous year's figure. In general, imports posted resilient growth. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, decaffeinated or roasted coffee imports surged to $X in 2022. Over the period under review, imports posted a remarkable increase. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

Chile (X tons) and Brazil (X tons) represented roughly X% of total imports in 2022. Belize (X tons) held the next position in the ranking, followed by Mexico (X tons), Argentina (X tons), Colombia (X tons) and Costa Rica (X tons). All these countries together held approx. X% share of total imports. Venezuela (X tons), Panama (X tons), Suriname (X tons), El Salvador (X tons), the Dominican Republic (X tons) and Peru (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Panama (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Chile ($X) and Argentina ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Mexico, Colombia, Costa Rica, Peru, Venezuela, the Dominican Republic, Panama, Belize, El Salvador and Suriname lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Panama, with a CAGR of X%, saw 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

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, rising by X% against the previous year. Overall, the import price, however, recorded a pronounced decrease. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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