ECOWAS: Decaffeinated Coffee Market 2024

Decaffeinated Coffee Market Size in ECOWAS

The ECOWAS decaffeinated coffee market reduced rapidly to $X in 2022, declining by X% against the previous year. Overall, consumption recorded a strong expansion. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Decaffeinated Coffee Production in ECOWAS

In value terms, decaffeinated coffee production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a resilient expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Decaffeinated Coffee Exports

Exports in ECOWAS

In 2022, overseas shipments of decaffeinated coffee were finally on the rise to reach X tons after three years of decline. Overall, exports, however, recorded a deep reduction. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, decaffeinated coffee exports declined to $X in 2022. In general, exports, however, recorded a deep contraction. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Cote d'Ivoire (X tons) and Burkina Faso (X tons) represented roughly X% of total exports in 2022. Ghana (X tons) ranks next in terms of the total exports with a X% share, followed by Sierra Leone (X%) and Guinea (X%).

From 2012 to 2022, the biggest increases were recorded for Burkina Faso (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Cote d'Ivoire ($X) remains the largest decaffeinated coffee supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Guinea ($X), with a X% share of total exports. It was followed by Sierra Leone, with an X% share.

In Cote d'Ivoire, decaffeinated coffee exports contracted by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Guinea (X% per year) and Sierra Leone (X% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, reducing by X% against the previous year. Over the period under review, the export price, however, continues to indicate mild growth. The pace of growth was the most pronounced in 2021 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton, and then shrank in the following year.

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 Guinea ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%), while the other leaders experienced mixed trends in the export price figures.

Decaffeinated Coffee Imports

Imports in ECOWAS

Decaffeinated coffee imports contracted dramatically to X tons in 2022, which is down by X% against the previous year's figure. In general, imports saw a slight descent. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons, and then shrank sharply in the following year.

In value terms, decaffeinated coffee imports shrank significantly to $X in 2022. Overall, imports continue to indicate a slight decline. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Senegal (X tons), distantly followed by Burkina Faso (X tons), Nigeria (X tons), Cote d'Ivoire (X tons) and Gambia (X tons) represented the main importers of decaffeinated coffee, together making up X% of total imports. The following importers - Mali (X tons) and Ghana (X tons) - each amounted to an X% share of total imports.

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

In value terms, the largest decaffeinated coffee importing markets in ECOWAS were Cote d'Ivoire ($X), Nigeria ($X) and Senegal ($X), together accounting for X% of total imports. Ghana, Burkina Faso, Mali and Gambia lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Burkina Faso, with a CAGR of X%, saw the highest rates of growth with regard to 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

The import price in ECOWAS stood at $X per ton in 2022, growing by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The level of import peaked at $X per ton in 2012; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: 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 Ghana (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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