Philippines: Market for Coffee (Decaffeinated or Roasted) 2024

Market Size for Coffee (Decaffeinated or Roasted) in the Philippines

The Philippine decaffeinated or roasted coffee market rose sharply to $X in 2022, picking up by X% against the previous year. Overall, the total consumption indicated a prominent 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 2013 indices. Decaffeinated or roasted coffee consumption peaked in 2022 and is expected to retain growth in years to come.

Production of Coffee (Decaffeinated or Roasted) in the Philippines

In value terms, decaffeinated or roasted coffee production totaled $X in 2022 estimated in export price. Overall, the total production indicated a resilient increase 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, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of X%. Decaffeinated or roasted coffee production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Coffee (Decaffeinated or Roasted)

Exports from the Philippines

Decaffeinated or roasted coffee exports from the Philippines skyrocketed to X tons in 2022, increasing by X% compared with the previous year. Overall, exports posted a prominent increase. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, decaffeinated or roasted coffee exports skyrocketed to $X in 2022. In general, exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Qatar (X tons) was the main destination for decaffeinated or roasted coffee exports from the Philippines, with a X% share of total exports. Moreover, decaffeinated or roasted coffee exports to Qatar exceeded the volume sent to the second major destination, Belgium (X tons), twofold. Indonesia (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Qatar amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (X% per year) and Indonesia (X% per year).

In value terms, Qatar ($X) remains the key foreign market for coffee (decaffeinated or roasted) exports from the Philippines, comprising X% of total exports. The second position in the ranking was held by Belgium ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Qatar totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (X% per year) and Indonesia (X% per year).

Export Prices by Country

The average decaffeinated or roasted coffee export price stood at $X per ton in 2022, which is down by X% against the previous year. In general, the export price, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2021, and then dropped dramatically in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Coffee (Decaffeinated or Roasted)

Imports into the Philippines

In 2022, the amount of coffee (decaffeinated or roasted) imported into the Philippines surged to X tons, increasing by X% against 2021 figures. Over the period under review, imports showed resilient growth. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, decaffeinated or roasted coffee imports skyrocketed to $X in 2022. In general, imports showed significant growth. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest decaffeinated or roasted coffee supplier to the Philippines, with a X% share of total imports. Moreover, decaffeinated or roasted coffee imports from Malaysia exceeded the figures recorded by the second-largest supplier, Switzerland (X tons), fourfold. Vietnam (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Malaysia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (X% per year) and Vietnam (X% per year).

In value terms, Malaysia ($X) constituted the largest supplier of coffee (decaffeinated or roasted) to the Philippines, comprising X% of total imports. The second position in the ranking was held by Switzerland ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Malaysia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (X% per year) and Vietnam (X% per year).

Import Prices by Country

In 2022, the average decaffeinated or roasted coffee import price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the import price posted strong growth. The pace of growth was the most pronounced in 2015 an increase of X%. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Malaysia ($X per ton) and the United States ($X per ton), while the price for Singapore ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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