Asia-Pacific: Roasted Decaffeinated Coffee Market 2023

Roasted Decaffeinated Coffee Market Size in Asia-Pacific

The Asia-Pacific roasted decaffeinated coffee market expanded rapidly to $X in 2022, growing by 5.7% against the previous year. The total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +7.1% 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 -3.3% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2020; afterwards, it flattened through to 2022.

Roasted Decaffeinated Coffee Production in Asia-Pacific

In value terms, roasted decaffeinated coffee production rose notably to $X in 2022 estimated in export price. Overall, production saw a buoyant increase. The most prominent rate of growth was recorded in 2016 with an increase of 39% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Roasted Decaffeinated Coffee Exports

Exports in Asia-Pacific

In 2022, the amount of roasted decaffeinated coffee exported in Asia-Pacific fell notably to X tons, waning by -16.9% against the previous year's figure. Over the period under review, exports continue to indicate a mild shrinkage. The pace of growth appeared the most rapid in 2015 with an increase of 51%. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, roasted decaffeinated coffee exports shrank to $X in 2022. Overall, exports continue to indicate a pronounced setback. The growth pace was the most rapid in 2016 when exports increased by 64%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Vietnam (X tons) and Malaysia (X tons) were the main exporters of roasted decaffeinated coffee in 2022, resulting at approx. 38% and 31% of total exports, respectively. Macao SAR (X tons) ranks next in terms of the total exports with a 6.9% share, followed by Singapore (5.9%). The following exporters - India (X tons), Australia (X tons) and Indonesia (X tons) - together made up 11% of total exports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +36.5%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Vietnam ($X), Malaysia ($X) and Singapore ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for 56% of total exports. Australia, Macao SAR, India and Indonesia lagged somewhat behind, together comprising a further 26%.

Among the main exporting countries, India, with a CAGR of +28.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, surging by 9.8% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the export price increased by 20% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.0%), while the other leaders experienced more modest paces of growth.

Roasted Decaffeinated Coffee Imports

Imports in Asia-Pacific

In 2022, supplies from abroad of roasted decaffeinated coffee was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Total imports indicated a temperate expansion from 2012 to 2022: its volume increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, roasted decaffeinated coffee imports soared to $X in 2022. Over the period under review, imports showed a resilient increase. The most prominent rate of growth was recorded in 2019 when imports increased by 23% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, South Korea (X tons) represented the main importer of roasted decaffeinated coffee, mixing up 38% of total imports. China (X tons) took a 15% share (based on physical terms) of total imports, which put it in second place, followed by Singapore (11%), India (6.9%), Australia (6.6%), Japan (5.8%) and Hong Kong SAR (5%).

Imports into South Korea increased at an average annual rate of +26.6% from 2012 to 2022. At the same time, India (+72.2%), Japan (+9.9%), Singapore (+8.8%) and China (+1.6%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +72.2% from 2012-2022. By contrast, Australia (-2.9%) and Hong Kong SAR (-5.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Korea, India, Singapore and Japan increased by +32, +6.9, +3.5 and +2.1 percentage points, respectively.

In value terms, South Korea ($X) constitutes the largest market for imported roasted decaffeinated coffee in Asia-Pacific, comprising 36% of total imports. The second position in the ranking was held by China ($X), with a 15% share of total imports. It was followed by Singapore, with a 12% share.

From 2012 to 2022, the average annual growth rate of value in South Korea stood at +22.3%. In the other countries, the average annual rates were as follows: China (+3.2% per year) and Singapore (+9.5% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, reducing by -13.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The growth pace was the most rapid in 2021 when the import price increased by 35%. As a result, import price attained the peak level of $X per ton, and then fell in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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