Latin America and the Caribbean: Decaffeinated Coffee Market 2024

Decaffeinated Coffee Market Size in Latin America and the Caribbean

The Latin American decaffeinated coffee market expanded significantly to $X in 2022, with an increase of X% against the previous year. The total consumption indicated moderate growth 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 decreased by X% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Decaffeinated Coffee Production in Latin America and the Caribbean

In value terms, decaffeinated coffee production expanded slightly to $X in 2022 estimated in export price. The total production indicated tangible growth 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, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Decaffeinated Coffee Exports

Exports in Latin America and the Caribbean

In 2022, overseas shipments of decaffeinated coffee were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, decaffeinated coffee exports expanded significantly to $X in 2022. Over the period under review, exports, however, continue to indicate a slight decrease. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Mexico was the key exporter of decaffeinated coffee in Latin America and the Caribbean, with the volume of exports accounting for X tons, which was near X% of total exports in 2022. Honduras (X tons) ranks second in terms of the total exports with a X% share, followed by Colombia (X%) and Nicaragua (X%). Costa Rica (X tons) and Panama (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Panama (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest decaffeinated coffee supplying countries in Latin America and the Caribbean were Mexico ($X), Colombia ($X) and Honduras ($X), together comprising X% of total exports. Panama, Nicaragua and Costa Rica lagged somewhat behind, together accounting for a further X%.

Panama, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of 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

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 when the export price increased by X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

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

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

Decaffeinated Coffee Imports

Imports in Latin America and the Caribbean

In 2022, after four years of growth, there was significant decline in overseas purchases of decaffeinated coffee, when their volume decreased by X% to X tons. In general, imports, however, saw a strong increase. The pace of growth was the most pronounced in 2014 when imports increased by X%. The volume of import peaked at X tons in 2021, and then fell in the following year.

In value terms, decaffeinated coffee imports surged to $X in 2022. Over the period under review, imports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

Mexico represented the largest importing country with an import of about X tons, which amounted to X% of total imports. Chile (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Colombia (X%) and Brazil (X%). The following importers - Belize (X tons) and Jamaica (X tons) - together made up X% of total imports.

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

In value terms, Chile ($X), Colombia ($X) and Mexico ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Colombia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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 2022, picking up by X% against the previous year. Overall, the import price, however, showed a deep slump. Over the period under review, import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jamaica (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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