Sri Lanka: Market for Coffee (Decaffeinated or Roasted) 2024

Market Size for Coffee (Decaffeinated or Roasted) in Sri Lanka

The Sri Lankan decaffeinated or roasted coffee market rose markedly to $X in 2022, surging by X% against the previous year. Overall, consumption posted prominent growth. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Production of Coffee (Decaffeinated or Roasted) in Sri Lanka

In value terms, decaffeinated or roasted coffee production rose significantly to $X in 2022 estimated in export price. In general, production enjoyed prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Exports of Coffee (Decaffeinated or Roasted)

Exports from Sri Lanka

After two years of growth, shipments abroad of coffee (decaffeinated or roasted) decreased by X% to X tons in 2022. Over the period under review, exports, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, decaffeinated or roasted coffee exports fell remarkably to $X in 2022. Overall, exports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The exports peaked at $X in 2021, and then declined notably in the following year.

Exports by Country

The United Arab Emirates (X tons) was the main destination for decaffeinated or roasted coffee exports from Sri Lanka, accounting for a X% share of total exports. Moreover, decaffeinated or roasted coffee exports to the United Arab Emirates exceeded the volume sent to the second major destination, Canada (X tons), fourfold. Chile (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and Chile (X% per year).

In value terms, the largest markets for decaffeinated or roasted coffee exported from Sri Lanka were the United Arab Emirates ($X), Ireland ($X) and Chile ($X), with a combined X% share of total exports. The United States, Canada, the Netherlands and the UK lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Canada, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average decaffeinated or roasted coffee export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price continues to indicate a strong expansion. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ireland ($X per ton), while the average price for exports to Canada ($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 Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Coffee (Decaffeinated or Roasted)

Imports into Sri Lanka

In 2022, purchases abroad of coffee (decaffeinated or roasted) increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, imports saw resilient growth. The pace of growth was the most pronounced in 2016 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, decaffeinated or roasted coffee imports contracted to $X in 2022. In general, imports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest decaffeinated or roasted coffee supplier to Sri Lanka, accounting for a X% share of total imports. Moreover, decaffeinated or roasted coffee imports from India exceeded the figures recorded by the second-largest supplier, Italy (X tons), fourfold. Singapore (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, the largest decaffeinated or roasted coffee suppliers to Sri Lanka were Italy ($X), India ($X) and Singapore ($X), with a combined X% share of total imports. Brazil, the Netherlands, the UK and Vietnam lagged somewhat behind, together comprising a further X%.

Among the main suppliers, the Netherlands, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the average decaffeinated or roasted coffee import price amounted to $X per ton, declining by X% against the previous year. Overall, the import price saw a perceptible descent. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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