Puerto Rico: Decaffeinated Coffee Market 2024

Decaffeinated Coffee Market Size in Puerto Rico

The Puerto Rican decaffeinated coffee market stood at less than $X in 2021, therefore, remained relatively stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a relatively flat trend pattern.

Decaffeinated Coffee Exports

Exports from Puerto Rico

Decaffeinated coffee exports from Puerto Rico was estimated at less than X kg in 2021, flattening at 2020 figures. Overall, exports recorded a relatively flat trend pattern.

In value terms, decaffeinated coffee exports totaled less than $X in 2021. In general, exports continue to indicate a relatively flat trend pattern.

Exports by Country

Germany represented the major exporter of decaffeinated coffee in the world, with the volume of exports resulting at X tons, which was approx. 48% of total exports in 2021. Vietnam (X tons) held the second position in the ranking, followed by Spain (X tons) and Canada (X tons). All these countries together held near 24% share of total exports. The following exporters - Mexico (X tons), Italy (X tons), the United States (X tons), Honduras (X tons), Switzerland (X tons) and France (X tons) - together made up 15% of total exports.

Exports from Germany decreased at an average annual rate of -1.9% from 2012 to 2021. At the same time, France (+20.8%), Vietnam (+12.9%), Honduras (+8.7%), Canada (+6.8%), Italy (+6.5%), Spain (+6.0%) and Switzerland (+4.7%) displayed positive paces of growth. Moreover, France emerged as the fastest-growing exporter exported in the world, with a CAGR of +20.8% from 2012-2021. The United States experienced a relatively flat trend pattern. By contrast, Mexico (-5.8%) illustrated a downward trend over the same period. While the share of Vietnam (+5.5 p.p.), Canada (+3.2 p.p.) and Spain (+3 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Mexico (-2.9 p.p.) and Germany (-12 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest decaffeinated coffee supplier from Puerto Rico, comprising 32% of global exports. The second position in the ranking was held by Switzerland ($X), with a 15% share of global exports. It was followed by Canada, with an 8.3% share.

In Germany, decaffeinated coffee exports contracted by an average annual rate of -3.4% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Switzerland (+3.0% per year) and Canada (+3.7% per year).

Export Prices by Country

The export price in Puerto Rico stood at less than $X per ton in 2021, standing approx. at the previous year. Over the period under review, the export price saw a relatively flat trend pattern.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+1.1%), while the other leaders experienced a decline in the export price figures.

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Decaffeinated Coffee Imports

Imports into Puerto Rico

In 2021, approx. less than X kg of decaffeinated coffee were imported into Puerto Rico; stabilizing at 2020. Overall, imports recorded a relatively flat trend pattern.

In value terms, decaffeinated coffee imports amounted to less than $X in 2021. In general, imports showed a relatively flat trend pattern.

Imports by Country

The United States represented the key importing country with an import of around X tons, which reached 38% of total imports. It was distantly followed by Spain (X tons), the Netherlands (X tons), Switzerland (X tons) and France (X tons), together making up a 29% share of total imports. The UK (X tons), Mexico (X tons), Canada (X tons), Italy (X tons), South Korea (X tons), Saudi Arabia (X tons) and Belgium (X tons) took a relatively small share of total imports.

Imports into the United States decreased at an average annual rate of -1.4% from 2012 to 2021. At the same time, South Korea (+25.9%), the Netherlands (+14.6%), Mexico (+14.0%), Spain (+11.7%), the UK (+7.8%) and Switzerland (+2.0%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in the world, with a CAGR of +25.9% from 2012-2021. Saudi Arabia and Canada experienced a relatively flat trend pattern. By contrast, France (-1.8%), Italy (-9.6%) and Belgium (-10.2%) illustrated a downward trend over the same period. Spain (+8.6 p.p.), the Netherlands (+3.3 p.p.), Mexico (+2.3 p.p.), South Korea (+1.8 p.p.) and the UK (+1.5 p.p.) significantly strengthened its position in terms of the global imports, while France, Belgium, Italy and the United States saw its share reduced by -1.6%, -2.9%, -4.1% and -11.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported decaffeinated coffee into Puerto Rico, comprising 31% of global imports. The second position in the ranking was taken by France ($X), with a 12% share of global imports. It was followed by Spain, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States totaled -2.4%. The remaining importing countries recorded the following average annual rates of imports growth: France (+2.8% per year) and Spain (+11.7% per year).

Import Prices by Country

The import price in Puerto Rico stood at less than $X per ton in 2021, leveling off at the previous year. Over the period under review, the import price saw a relatively flat trend pattern.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was France ($X per ton), while Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+7.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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