Latin America and the Caribbean: Market for Coffee (Decaffeinated or Roasted) 2024

Market Size for Coffee (Decaffeinated or Roasted) in Latin America and the Caribbean

The Latin American decaffeinated or roasted coffee market dropped slightly to $X in 2022, remaining stable against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Coffee (Decaffeinated or Roasted) in Latin America and the Caribbean

In value terms, decaffeinated or roasted coffee production contracted to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

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Exports of Coffee (Decaffeinated or Roasted)

Exports in Latin America and the Caribbean

In 2022, shipments abroad of coffee (decaffeinated or roasted) decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when exports increased by X%. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, decaffeinated or roasted coffee exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Colombia (X tons) and Mexico (X tons) represented roughly X% of total exports in 2022. Honduras (X tons) held the next position in the ranking, distantly followed by Brazil (X tons). All these countries together took near X% share of total exports. Panama (X tons), Uruguay (X tons) and the Dominican Republic (X tons) held a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Uruguay (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X), Mexico ($X) and Honduras ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for X% of total exports. Brazil, Panama, Uruguay and the Dominican Republic lagged somewhat behind, together comprising a further X%.

Uruguay, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, jumping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Panama ($X per ton), while Honduras ($X per ton) was amongst the lowest.

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

Imports of Coffee (Decaffeinated or Roasted)

Imports in Latin America and the Caribbean

In 2022, approx. X tons of coffee (decaffeinated or roasted) were imported in Latin America and the Caribbean; growing by X% against the year before. Overall, imports recorded a buoyant increase. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, decaffeinated or roasted coffee imports surged to $X in 2022. In general, imports recorded prominent growth. The growth pace was the most rapid in 2017 with an increase of X%. The level of import peaked in 2022 and is likely to continue growth in the near future.

Imports by Country

Chile (X tons) and Brazil (X tons) represented the main importers of coffee (decaffeinated or roasted) in 2022, amounting to approx. X% and X% of total imports, respectively. It was distantly followed by Belize (X tons), Mexico (X tons), Argentina (X tons), Colombia (X tons) and Costa Rica (X tons), together constituting a X% share of total imports. The following importers - Venezuela (X tons), Panama (X tons), Suriname (X tons), El Salvador (X tons), the Dominican Republic (X tons) and Peru (X tons) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Panama (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest decaffeinated or roasted coffee importing markets in Latin America and the Caribbean were Brazil ($X), Chile ($X) and Argentina ($X), with a combined X% share of total imports. Mexico, Colombia, Costa Rica, Peru, Venezuela, the Dominican Republic, Panama, Belize, El Salvador and Suriname lagged somewhat behind, together comprising a further X%.

Panama, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, jumping by X% against the previous year. In general, the import price, however, continues to indicate a perceptible reduction. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Brazil ($X per ton), while Belize ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Costa Rica (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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