ECOWAS: Market for Coffee (Decaffeinated or Roasted) 2024

Market Size for Coffee (Decaffeinated or Roasted) in ECOWAS

The ECOWAS decaffeinated or roasted coffee market amounted to $X in 2023, remaining stable against the previous year. Over the period under review, consumption showed a prominent increase. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2023, consumption remained at a lower figure.

Production of Coffee (Decaffeinated or Roasted) in ECOWAS

In value terms, decaffeinated or roasted coffee production contracted modestly to $X in 2023 estimated in export price. The total production indicated a buoyant expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Exports of Coffee (Decaffeinated or Roasted)

Exports in ECOWAS

In 2023, shipments abroad of coffee (decaffeinated or roasted) increased by X% to X tons, rising for the second year in a row after five years of decline. Over the period under review, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2022 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2023 and are likely to continue growth in the near future.

In value terms, decaffeinated or roasted coffee exports soared to $X in 2023. Overall, exports, however, continue to indicate a abrupt setback. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Burkina Faso prevails in exports structure, reaching X tons, which was approx. X% of total exports in 2023. The following exporters - Gambia (X tons) and Cote d'Ivoire (X tons) - each recorded a X% share of total exports.

Burkina Faso was also the fastest-growing in terms of the coffee (decaffeinated or roasted) exports, with a CAGR of X% from 2012 to 2023. At the same time, Gambia (X%) displayed positive paces of growth. By contrast, Cote d'Ivoire (X%) illustrated a downward trend over the same period. While the share of Burkina Faso (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Cote d'Ivoire (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Gambia ($X) emerged as the largest decaffeinated or roasted coffee supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Cote d'Ivoire ($X), with an X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in Gambia stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Cote d'Ivoire (X% per year) and Burkina Faso (X% per year).

Export Prices by Country

In 2023, the export price in ECOWAS amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the export price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2019 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2021; however, from 2022 to 2023, the export prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Coffee (Decaffeinated or Roasted)

Imports in ECOWAS

In 2023, overseas purchases of coffee (decaffeinated or roasted) increased by X% to X tons, rising for the fourth consecutive year after two years of decline. In general, imports continue to indicate a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, decaffeinated or roasted coffee imports skyrocketed to $X in 2023. Over the period under review, imports posted a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Nigeria represented the major importer of coffee (decaffeinated or roasted) in ECOWAS, with the volume of imports accounting for X tons, which was near X% of total imports in 2023. Senegal (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Cote d'Ivoire (X%) and Gambia (X%). The following importers - Burkina Faso (X tons), Cabo Verde (X tons) and Mali (X tons) - together made up X% of total imports.

Nigeria was also the fastest-growing in terms of the coffee (decaffeinated or roasted) imports, with a CAGR of X% from 2012 to 2023. At the same time, Burkina Faso (X%), Mali (X%), Senegal (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. By contrast, Gambia (X%) and Cabo Verde (X%) illustrated a downward trend over the same period. Nigeria (X p.p.) and Burkina Faso (X p.p.) significantly strengthened its position in terms of the total imports, while Senegal, Cabo Verde, Cote d'Ivoire and Gambia saw its share reduced by X%, X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X), Cote d'Ivoire ($X) and Senegal ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Mali, Cabo Verde, Gambia and Burkina Faso lagged somewhat behind, together comprising a further X%.

Mali, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among 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

In 2023, the import price in ECOWAS amounted to $X per ton, which is down by X% against the previous year. Overall, the import price continues to indicate a perceptible setback. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2019; however, from 2020 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Cote d'Ivoire ($X per ton), while Gambia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Mali (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform