Vietnam: Roasted Decaffeinated Coffee Market 2024

Roasted Decaffeinated Coffee Market Size in Vietnam

The Vietnamese roasted decaffeinated coffee market expanded rapidly to $X in 2022, surging by 11% against the previous year. In general, the total consumption indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -9.7% against 2020 indices. Roasted decaffeinated coffee consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Roasted Decaffeinated Coffee Production in Vietnam

In value terms, roasted decaffeinated coffee production fell to $X in 2022 estimated in export price. Overall, the total production indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.2% 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 -2.9% against 2019 indices. The growth pace was the most rapid in 2017 when the production volume increased by 47% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Roasted Decaffeinated Coffee Exports

Exports from Vietnam

In 2022, approx. X tons of roasted decaffeinated coffee were exported from Vietnam; waning by -34.5% compared with 2021 figures. In general, exports saw a mild curtailment. The growth pace was the most rapid in 2015 with an increase of 550% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, roasted decaffeinated coffee exports contracted markedly to $X in 2022. Overall, exports showed a slight downturn. The pace of growth appeared the most rapid in 2015 with an increase of 711%. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), South Korea (X tons) and Russia (X tons) were the main destinations of roasted decaffeinated coffee exports from Vietnam, together comprising 83% of total exports.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +42.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Russia ($X) and South Korea ($X) appeared to be the largest markets for roasted decaffeinated coffee exported from Vietnam worldwide, together accounting for 78% of total exports.

South Korea, with a CAGR of +36.0%, recorded 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

The average roasted decaffeinated coffee export price stood at $X per ton in 2022, increasing by 5.1% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 25%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

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 the United States ($X per ton), while the average price for exports to South Korea ($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 the United States (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.

Roasted Decaffeinated Coffee Imports

Imports into Vietnam

In 2022, approx. X tons of roasted decaffeinated coffee were imported into Vietnam; declining by -37.1% compared with the previous year's figure. In general, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2021 when imports increased by 288%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, roasted decaffeinated coffee imports fell sharply to $X in 2022. Over the period under review, imports continue to indicate a noticeable slump. The pace of growth appeared the most rapid in 2021 with an increase of 270% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States (X tons), Switzerland (X tons) and Malaysia (X tons) were the main suppliers of roasted decaffeinated coffee imports to Vietnam, together comprising 84% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of +59.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Switzerland ($X) and Malaysia ($X) were the largest roasted decaffeinated coffee suppliers to Vietnam, with a combined 84% share of total imports. Italy, Taiwan (Chinese) and Thailand lagged somewhat behind, together comprising a further 16%.

Thailand, with a CAGR of +76.7%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average roasted decaffeinated coffee import price stood at $X per ton in 2022, stabilizing at the previous year. In general, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, roasted decaffeinated coffee import price decreased by -3.6% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 59% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :