Philippines: Decaffeinated Coffee Market 2024

Decaffeinated Coffee Market Size in the Philippines

The Philippine decaffeinated coffee market expanded slightly to $X in 2022, surging by X% against the previous year. Over the period under review, the total consumption indicated resilient 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. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Decaffeinated Coffee Production in the Philippines

In value terms, decaffeinated coffee production rose to $X in 2022 estimated in export price. In general, the total production indicated a buoyant increase 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 most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Decaffeinated Coffee Exports

Exports from the Philippines

In 2022, shipments abroad of decaffeinated coffee increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, decaffeinated coffee exports skyrocketed to $X in 2022. Overall, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Qatar (X tons), Belgium (X tons) and the United States (X tons) were the main destinations of decaffeinated coffee exports from the Philippines, together accounting for X% of total exports.

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

In value terms, Qatar ($X), Belgium ($X) and the United States ($X) were the largest markets for decaffeinated coffee exported from the Philippines worldwide, with a combined X% share of total exports.

Qatar, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average decaffeinated coffee export price amounted to $X per ton, which is down by X% against the previous year. Overall, the export price recorded a noticeable descent. The pace of growth was the most pronounced in 2014 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced mixed trend patterns.

Decaffeinated Coffee Imports

Imports into the Philippines

After two years of decline, overseas purchases of decaffeinated coffee increased by X% to X tons in 2022. Over the period under review, imports, however, saw a abrupt curtailment. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, decaffeinated coffee imports skyrocketed to $X in 2022. Overall, imports posted a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Malaysia (X tons) was the main supplier of decaffeinated coffee to the Philippines, with a X% share of total imports. Moreover, decaffeinated coffee imports from Malaysia exceeded the figures recorded by the second-largest supplier, Switzerland (X tons), more than tenfold. The third position in this ranking was taken by Singapore (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Malaysia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (X% per year) and Singapore (X% per year).

In value terms, Malaysia ($X) constituted the largest supplier of decaffeinated coffee to the Philippines, comprising X% of total imports. The second position in the ranking was held by Switzerland ($X), with a X% share of total imports. It was followed by Singapore, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Malaysia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (X% per year) and Singapore (X% per year).

Import Prices by Country

In 2022, the average decaffeinated coffee import price amounted to $X per ton, rising by X% against the previous year. In general, the import price continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2019 when the average import price increased by X%. The import price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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