Philippines: Green Coffee Market 2024

Green Coffee Market Size in the Philippines

The Philippine green coffee market shrank slightly to $X in 2022, falling by -4.2% against the previous year. Overall, consumption, however, continues to indicate a perceptible curtailment. Green coffee consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Green Coffee Production in the Philippines

In value terms, green coffee production declined notably to $X in 2022 estimated in export price. In general, production enjoyed strong growth. The pace of growth appeared the most rapid in 2021 when the production volume increased by 133% against the previous year. Green coffee production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

In 2022, the average green coffee yield in the Philippines dropped to X kg per ha, almost unchanged from the year before. Overall, the yield continues to indicate a perceptible contraction. The pace of growth was the most pronounced in 2019 with an increase of 0.7% against the previous year. The green coffee yield peaked at X kg per ha in 2012; however, from 2013 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of coffee (green) production in the Philippines stood at X ha, standing approx. at the year before. Overall, the harvested area, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 1.1%. The green coffee harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Green Coffee Exports

Exports from the Philippines

In 2022, shipments abroad of coffee (green) decreased by -50.5% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports showed a noticeable setback. The most prominent rate of growth was recorded in 2016 with an increase of 419%. Over the period under review, the exports attained the maximum at X tons in 2021, and then fell remarkably in the following year.

In value terms, green coffee exports fell dramatically to $X in 2022. In general, exports, however, posted moderate growth. The growth pace was the most rapid in 2016 with an increase of 421% against the previous year. The exports peaked at $X in 2021, and then declined markedly in the following year.

Exports by Country

The United States (X tons), Japan (X tons) and Canada (X tons) were the main destinations of green coffee exports from the Philippines, with a combined 95% share of total exports. Germany and Australia lagged somewhat behind, together accounting for a further 3.9%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +166.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for green coffee exported from the Philippines were the United States ($X), Japan ($X) and Canada ($X), with a combined 94% share of total exports. Germany and Australia lagged somewhat behind, together accounting for a further 3.8%.

Germany, with a CAGR of +250.1%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average green coffee export price amounted to $X per ton, jumping by 35% against the previous year. In general, the export price recorded strong growth. The pace of growth was the most pronounced in 2014 when the average export price increased by 54% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Australia ($X per ton) and the United States ($X per ton), while the average price for exports to Germany ($X per ton) and Japan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+110.7%), while the prices for the other major destinations experienced more modest paces of growth.

Green Coffee Imports

Imports into the Philippines

In 2022, purchases abroad of coffee (green) was finally on the rise to reach X tons after three years of decline. Over the period under review, imports, however, saw a pronounced slump. The growth pace was the most rapid in 2016 with an increase of 189% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, green coffee imports soared to $X in 2022. In general, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2016 when imports increased by 180% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Vietnam (X tons) constituted the largest green coffee supplier to the Philippines, with a 87% share of total imports. Moreover, green coffee imports from Vietnam exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Vietnam amounted to -1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-16.6% per year) and Brazil (+112.3% per year).

In value terms, Vietnam ($X) constituted the largest supplier of coffee (green) to the Philippines, comprising 87% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 6.7% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Vietnam stood at +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-9.2% per year) and Brazil (+231.2% per year).

Import Prices by Country

The average green coffee import price stood at $X per ton in 2022, surging by 52% against the previous year. Overall, the import price continues to indicate strong growth. The growth pace was the most rapid in 2020 an increase of 67% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+56.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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