Venezuela: Market for Coffee (Decaffeinated or Roasted) 2024

Market Size for Coffee (Decaffeinated or Roasted) in Venezuela

The Venezuelan decaffeinated or roasted coffee market reduced to $X in 2022, remaining relatively unchanged against the previous year. Over the period under review, consumption, however, continues to indicate a pronounced curtailment. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Coffee (Decaffeinated or Roasted) in Venezuela

In value terms, decaffeinated or roasted coffee production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced decline. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Exports of Coffee (Decaffeinated or Roasted)

Exports from Venezuela

In 2022, overseas shipments of coffee (decaffeinated or roasted) decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, enjoyed a measured increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The exports peaked at X tons in 2021, and then reduced in the following year.

In value terms, decaffeinated or roasted coffee exports declined notably to $X in 2022. In general, exports continue to indicate a mild setback. The most prominent rate of growth was recorded in 2020 with an increase of X%. The exports peaked at $X in 2021, and then reduced dramatically in the following year.

Exports by Country

Germany (X tons) and the United States (X tons) were the main destinations of decaffeinated or roasted coffee exports from Venezuela.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of X%).

In value terms, Germany ($X) and the United States ($X) constituted the largest markets for decaffeinated or roasted coffee exported from Venezuela worldwide.

Germany, 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.

Export Prices by Country

The average decaffeinated or roasted coffee export price stood at $X per ton in 2022, reducing by X% against the previous year. Over the period under review, the export price continues to indicate a perceptible decrease. The growth pace was the most rapid in 2016 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the United States stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced a decline.

Imports of Coffee (Decaffeinated or Roasted)

Imports into Venezuela

In 2022, overseas purchases of coffee (decaffeinated or roasted) decreased by X% to X tons, falling for the second consecutive year after five years of growth. In general, imports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2018 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, decaffeinated or roasted coffee imports declined rapidly to $X in 2022. Overall, imports, however, saw significant growth. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then fell markedly in the following year.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of decaffeinated or roasted coffee to Venezuela, accounting for a X% share of total imports. Moreover, decaffeinated or roasted coffee imports from Italy exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. Brazil (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, Italy ($X) constituted the largest supplier of coffee (decaffeinated or roasted) to Venezuela, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by Brazil, with a X% share.

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

Import Prices by Country

The average decaffeinated or roasted coffee import price stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the import price saw a mild shrinkage. The growth pace was the most rapid in 2021 an increase of X%. The import price peaked at $X per ton in 2015; however, from 2016 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 ($X per ton), while the price for the United States ($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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