ECOWAS: Market for Coffee (Decaffeinated or Roasted) 2024

Market Size for Coffee (Decaffeinated or Roasted) in ECOWAS

The ECOWAS decaffeinated or roasted coffee market soared to $X in 2022, jumping by X% against the previous year. The total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2017 indices. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the near future.

Production of Coffee (Decaffeinated or Roasted) in ECOWAS

In value terms, decaffeinated or roasted coffee production expanded significantly to $X in 2022 estimated in export price. In general, production saw prominent growth. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Exports of Coffee (Decaffeinated or Roasted)

Exports in ECOWAS

In 2022, overseas shipments of coffee (decaffeinated or roasted) were finally on the rise to reach X tons for the first time since 2016, thus ending a five-year declining trend. Overall, exports, however, faced a abrupt descent. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, decaffeinated or roasted coffee exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a abrupt contraction. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Burkina Faso (X tons) and Guinea (X tons) represented roughly X% of total exports in 2022. Ghana (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Sierra Leone (X%), Senegal (X%) and Togo (X%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Burkina Faso (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest decaffeinated or roasted coffee supplying countries in ECOWAS were Guinea ($X), Burkina Faso ($X) and Senegal ($X), with a combined X% share of total exports.

Burkina Faso, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the export price, however, posted a noticeable increase. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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

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

Imports of Coffee (Decaffeinated or Roasted)

Imports in ECOWAS

In 2022, after two years of growth, there was significant decline in overseas purchases of coffee (decaffeinated or roasted), when their volume decreased by X% to X tons. In general, imports, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then shrank sharply in the following year.

In value terms, decaffeinated or roasted coffee imports dropped dramatically to $X in 2022. Overall, imports, however, saw buoyant growth. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. The level of import peaked at $X in 2021, and then dropped markedly in the following year.

Imports by Country

In 2022, Burkina Faso (X tons) was the largest importer of coffee (decaffeinated or roasted), achieving X% of total imports. It was distantly followed by Senegal (X tons), Cote d'Ivoire (X tons), Ghana (X tons) and Nigeria (X tons), together constituting a X% share of total imports. Mali (X tons) and Cabo Verde (X tons) took a relatively small share of total imports.

Imports into Burkina Faso increased at an average annual rate of X% from 2012 to 2022. At the same time, Ghana (X%), Mali (X%), Senegal (X%), Nigeria (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Cabo Verde (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Ghana, Senegal, Burkina Faso, Mali and Nigeria increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest decaffeinated or roasted coffee importing markets in ECOWAS were Cote d'Ivoire ($X), Senegal ($X) and Ghana ($X), together comprising X% of total imports.

Among the main importing countries, Ghana, with a CAGR of X%, 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 2022, the import price in ECOWAS amounted to $X per ton, with an increase of X% against the previous year. Import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, decaffeinated or roasted coffee import price decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the import prices remained at a lower figure.

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 Cote d'Ivoire ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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