ECOWAS: Roasted Decaffeinated Coffee Market 2024

Roasted Decaffeinated Coffee Market Size in ECOWAS

The ECOWAS roasted decaffeinated coffee market expanded rapidly to $X in 2023, with an increase of X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Roasted Decaffeinated Coffee Production in ECOWAS

In value terms, roasted decaffeinated coffee production rose sharply to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Roasted Decaffeinated Coffee Exports

Exports in ECOWAS

In 2023, the amount of roasted decaffeinated coffee exported in ECOWAS skyrocketed to X tons, with an increase of X% compared with 2022. Over the period under review, exports saw a resilient increase. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2023 and are likely to see gradual growth in the immediate term.

In value terms, roasted decaffeinated coffee exports skyrocketed to $X in 2023. Overall, exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The level of export peaked at $X in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, Cote d'Ivoire (X tons) and Togo (X tons) represented the largest exporters of roasted decaffeinated coffee in ECOWAS, together recording near X% of total exports. It was distantly followed by Guinea (X tons), generating a X% share of total exports. Senegal (X kg) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Guinea (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X), Togo ($X) and Guinea ($X) were the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

Among the main exporting countries, Guinea, 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 export price in ECOWAS stood at $X per ton in 2023, which is down by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2023, the export prices failed to regain momentum.

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

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

Roasted Decaffeinated Coffee Imports

Imports in ECOWAS

In 2023, purchases abroad of roasted decaffeinated coffee decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Over the period under review, imports, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of X%. The volume of import peaked at X tons in 2022, and then declined notably in the following year.

In value terms, roasted decaffeinated coffee imports rose slightly to $X in 2023. Total imports indicated a buoyant increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2017 when imports increased by X%. As a result, imports reached the peak of $X. From 2018 to 2023, the growth of imports remained at a lower figure.

Imports by Country

In 2023, Senegal (X tons) represented the major importer of roasted decaffeinated coffee, comprising X% of total imports. Gambia (X tons) ranks second in terms of the total imports with a X% share, followed by Mali (X%), Cote d'Ivoire (X%) and Togo (X%). Cabo Verde (X tons) and Guinea-Bissau (X tons) held a relatively small share of total imports.

From 2012 to 2023, average annual rates of growth with regard to roasted decaffeinated coffee imports into Senegal stood at X%. At the same time, Gambia (X%), Mali (X%), Guinea-Bissau (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Gambia emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2023. Cabo Verde experienced a relatively flat trend pattern. By contrast, Togo (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Senegal, Gambia and Mali increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest roasted decaffeinated coffee importing markets in ECOWAS were Cote d'Ivoire ($X), Gambia ($X) and Senegal ($X), together comprising X% of total imports.

Gambia, with a CAGR of X%, saw the highest growth rate of 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

The import price in ECOWAS stood at $X per ton in 2023, growing by X% against the previous year. In general, the import price, however, continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2019 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2023, import prices stood at a somewhat lower figure.

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 ($X per ton), while Senegal ($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 import price figures.

Source: IndexBox Platform