Asia-Pacific: Market for Coffee (Decaffeinated or Roasted) 2023

Market Size for Coffee (Decaffeinated or Roasted) in Asia-Pacific

In 2021, the Asia-Pacific decaffeinated or roasted coffee market decreased by -1.2% to $X for the first time since 2017, thus ending a three-year rising trend. The total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +64.5% against 2012 indices. Over the period under review, the market reached the peak level at $X in 2020, and then fell slightly in the following year.

Production of Coffee (Decaffeinated or Roasted) in Asia-Pacific

In value terms, decaffeinated or roasted coffee production dropped slightly to $X in 2021 estimated in export price. The total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +40.0% against 2017 indices. The growth pace was the most rapid in 2018 when the production volume increased by 19% against the previous year. The level of production peaked at $X in 2020, and then declined modestly in the following year.

Exports of Coffee (Decaffeinated or Roasted)

Exports in Asia-Pacific

In 2021, overseas shipments of coffee (decaffeinated or roasted) were finally on the rise to reach X tons after four years of decline. In general, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 97%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, decaffeinated or roasted coffee exports surged to $X in 2021. Overall, exports enjoyed a prominent expansion. The pace of growth was the most pronounced in 2016 with an increase of 150%. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Vietnam was the key exporter of coffee (decaffeinated or roasted) in Asia-Pacific, with the volume of exports resulting at X tons, which was approx. 57% of total exports in 2021. Malaysia (X tons) held a 17% share (based on physical terms) of total exports, which put it in second place, followed by China (5.2%). Japan (X tons), Singapore (X tons), Indonesia (X tons), Australia (X tons) and Taiwan (Chinese) (X tons) held a relatively small share of total exports.

Exports from Vietnam increased at an average annual rate of +11.9% from 2012 to 2021. At the same time, Malaysia (+31.1%), Japan (+15.4%), Taiwan (Chinese) (+12.1%), Australia (+3.9%), Indonesia (+2.8%) and China (+2.7%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +31.1% from 2012-2021. By contrast, Singapore (-8.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Malaysia and Vietnam increased by +14 and +10 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) remains the largest decaffeinated or roasted coffee supplier in Asia-Pacific, comprising 44% of total exports. The second position in the ranking was held by Japan ($X), with a 14% share of total exports. It was followed by Singapore, with an 8.3% share.

In Vietnam, decaffeinated or roasted coffee exports expanded at an average annual rate of +13.6% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (+17.8% per year) and Singapore (-4.5% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, surging by 9.1% against the previous year. Overall, the export price, however, recorded a pronounced decline. The growth pace was the most rapid in 2016 when the export price increased by 27% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Japan ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+3.9%), while the other leaders experienced more modest paces of growth.

Imports of Coffee (Decaffeinated or Roasted)

Imports in Asia-Pacific

In 2021, overseas purchases of coffee (decaffeinated or roasted) increased by 4.4% to X tons, rising for the second consecutive year after three years of decline. Overall, imports showed a buoyant increase. The growth pace was the most rapid in 2016 with an increase of 90% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, decaffeinated or roasted coffee imports expanded notably to $X in 2021. Total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +8.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +23.0% against 2019 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 54%. The level of import peaked in 2021 and is likely to continue growth in the near future.

Imports by Country

The purchases of the four major importers of coffee (decaffeinated or roasted), namely South Korea, China, Australia and Japan, represented more than two-thirds of total import. Taiwan (Chinese) (X tons) held the next position in the ranking, followed by Malaysia (X tons) and Singapore (X tons). All these countries together held near 18% share of total imports.

From 2012 to 2021, the biggest increases were in China (with a CAGR of +17.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Australia ($X) and China ($X) were the countries with the highest levels of imports in 2021, together comprising 64% of total imports.

Among the main importing countries, China, with a CAGR of +18.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per ton, growing by 1.7% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 31%. The level of import peaked in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Australia ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+1.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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