Sri Lanka: Decaffeinated Coffee Market 2024

Decaffeinated Coffee Market Size in Sri Lanka

The Sri Lankan decaffeinated coffee market was estimated at $X in 2022, increasing by X% against the previous year. Overall, consumption posted a resilient increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Decaffeinated Coffee Production in Sri Lanka

In value terms, decaffeinated coffee production expanded significantly to $X in 2022 estimated in export price. Over the period under review, production showed prominent growth. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Decaffeinated Coffee Exports

Exports from Sri Lanka

In 2022, decaffeinated coffee exports from Sri Lanka surged to X tons, with an increase of X% compared with the previous year. In general, exports recorded strong growth. The pace of growth was the most pronounced in 2021 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, decaffeinated coffee exports rose modestly to $X in 2022. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United Arab Emirates (X tons) was the main destination for decaffeinated coffee exports from Sri Lanka, accounting for a X% share of total exports. Moreover, decaffeinated coffee exports to the United Arab Emirates exceeded the volume sent to the second major destination, Chile (X kg), fourfold. The United States (X kg) ranked third in terms of total exports with a X% share.

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

In value terms, the United Arab Emirates ($X), Chile ($X) and the United States ($X) constituted the largest markets for decaffeinated coffee exported from Sri Lanka worldwide, with a combined X% share of total exports. Canada, the Netherlands, the UK, Japan and Oman lagged somewhat behind, together comprising a further X%.

Canada, with a CAGR of X%, 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 decaffeinated coffee export price amounted to $X per ton, dropping by X% against the previous year. Overall, the export price, however, saw a strong increase. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Japan ($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 Oman (X%), while the prices for the other major destinations experienced more modest paces of growth.

Decaffeinated Coffee Imports

Imports into Sri Lanka

In 2022, decaffeinated coffee imports into Sri Lanka reduced rapidly to X tons, waning by X% on 2021 figures. Overall, imports, however, saw a temperate increase. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, decaffeinated coffee imports contracted dramatically to $X in 2022. In general, imports, however, posted a pronounced expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then fell rapidly in the following year.

Imports by Country

In 2022, Brazil (X tons) was the main supplier of decaffeinated coffee to Sri Lanka, with a X% share of total imports. It was followed by Germany (X kg), with a X% share of total imports. The third position in this ranking was held by the United Arab Emirates (X kg), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and the United Arab Emirates (X% per year).

In value terms, Brazil ($X) constituted the largest supplier of decaffeinated coffee to Sri Lanka, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

In 2022, the average decaffeinated coffee import price amounted to $X per ton, with a decrease of X% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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