Peru: Unroasted Decaffeinated Coffee Market 2024

Unroasted Decaffeinated Coffee Market Size in Peru

In 2021, the Peruvian unroasted decaffeinated coffee market decreased by -1.9% to $X, falling for the third consecutive year after four years of growth. In general, the total consumption indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -4.9% against 2018 indices. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Unroasted Decaffeinated Coffee Production in Peru

In value terms, unroasted decaffeinated coffee production shrank modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of 11% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then fell modestly in the following year.

Unroasted Decaffeinated Coffee Exports

Exports from Peru

For the third year in a row, Peru recorded growth in shipments abroad of unroasted decaffeinated coffee, which increased by 1.6% to X tons in 2021. Over the period under review, total exports indicated a moderate expansion from 2012 to 2021: its volume increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +80.1% against 2016 indices. The pace of growth was the most pronounced in 2014 with an increase of 64%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, unroasted decaffeinated coffee exports reached $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 57%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for unroasted decaffeinated coffee exports from Peru, with a 92% share of total exports. It was followed by Germany (X tons), with a 1.8% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+1.0% per year) and Canada (-7.1% per year).

In value terms, the United States ($X) remains the key foreign market for unroasted decaffeinated coffee exports from Peru, comprising 89% of total exports. The second position in the ranking was taken by Canada ($X), with a 2.7% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-4.0% per year) and Germany (+1.7% per year).

Export Prices by Country

The average unroasted decaffeinated coffee export price stood at $X per ton in 2021, leveling off at the previous year. Over the period under review, the export price recorded a pronounced decline. The growth pace was the most rapid in 2018 an increase of 11% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Canada ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+3.3%), while the prices for the other major destinations experienced mixed trend patterns.

Unroasted Decaffeinated Coffee Imports

Imports into Peru

In 2021, approx. X tons of unroasted decaffeinated coffee were imported into Peru; with a decrease of -32% compared with the previous year. In general, imports, however, continue to indicate a strong expansion. The pace of growth was the most pronounced in 2020 with an increase of 299%. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, unroasted decaffeinated coffee imports shrank dramatically to $X in 2021. Overall, imports, however, continue to indicate pronounced growth. The pace of growth was the most pronounced in 2020 with an increase of 280% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Mexico (X tons), Colombia (X tons) and Italy (X tons) were the main suppliers of unroasted decaffeinated coffee imports to Peru, with a combined 67% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +22.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of unroasted decaffeinated coffee to Peru, comprising 57% of total imports. The second position in the ranking was held by Mexico ($X), with an 11% share of total imports. It was followed by Colombia, with a 9.1% share.

From 2012 to 2021, the average annual growth rate of value from the United States totaled +16.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+4.2% per year) and Colombia (-3.2% per year).

Import Prices by Country

In 2021, the average unroasted decaffeinated coffee import price amounted to $X per ton, remaining stable against the previous year. Overall, the import price saw a perceptible decline. The pace of growth was the most pronounced in 2014 when the average import price increased by 20%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Colombia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+32.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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