Latin America and the Caribbean: Market for Coffee (Decaffeinated or Roasted) 2023

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

In 2021, the Latin American decaffeinated or roasted coffee market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, 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 reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.4% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of 13% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Coffee (Decaffeinated or Roasted)

Exports in Latin America and the Caribbean

Decaffeinated or roasted coffee exports stood at X tons in 2021, increasing by 5.5% on 2020. The total export volume increased at an average annual rate of +2.9% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2019 with an increase of 21% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, decaffeinated or roasted coffee exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +2.0% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of 22% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

In 2021, Brazil (X tons) represented the main exporter of coffee (decaffeinated or roasted), creating 35% of total exports. Colombia (X tons) took a 20% share (based on physical terms) of total exports, which put it in second place, followed by Mexico (16%), Honduras (9.6%) and Peru (6%). The following exporters - Nicaragua (X tons) and Guatemala (X tons) - each amounted to a 6.1% share of total exports.

From 2012 to 2021, the biggest increases were in Honduras (with a CAGR of +8.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest decaffeinated or roasted coffee supplying countries in Latin America and the Caribbean were Brazil ($X), Colombia ($X) and Mexico ($X), together comprising 66% of total exports.

Brazil, with a CAGR of +7.5%, saw the highest rates of growth with regard to the value of exports, among 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 2021, with an increase of 13% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Colombia ($X per ton) and Guatemala ($X per ton), while Brazil ($X per ton) and Peru ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (-0.2%), while the other leaders experienced a decline in the export price figures.

Imports of Coffee (Decaffeinated or Roasted)

Imports in Latin America and the Caribbean

In 2021, approx. X tons of coffee (decaffeinated or roasted) were imported in Latin America and the Caribbean; surging by 19% compared with the previous year's figure. In general, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of 37% against the previous year. The volume of import peaked in 2021 and is likely to see gradual growth in the near future.

In value terms, decaffeinated or roasted coffee imports skyrocketed to $X in 2021. Total imports indicated a resilient increase 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, imports decreased by -1.0% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 32% against the previous year. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Mexico (X tons), Brazil (X tons) and Chile (X tons) represented the main importer of coffee (decaffeinated or roasted) in Latin America and the Caribbean, comprising 60% of total import. Belize (X tons) ranks next in terms of the total imports with an 8.8% share, followed by Venezuela (6.4%) and Argentina (5.1%). Panama (X tons), El Salvador (X tons) and Costa Rica (X tons) took a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Panama (with a CAGR of +62.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Chile ($X) and Mexico ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 67% share of total imports. Argentina, Venezuela, Panama, El Salvador, Belize and Costa Rica lagged somewhat behind, together accounting for a further 19%.

Among the main importing countries, Panama, with a CAGR of +52.9%, 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 Latin America and the Caribbean stood at $X per ton in 2021, growing by 5.5% against the previous year. Over the period under review, the import price, however, saw a abrupt slump. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Costa Rica (+2.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Market Intelligence Platform

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