Latin America and the Caribbean: Roasted Coffee Market 2024

Roasted Coffee Market Size in Latin America and the Caribbean

The Latin American roasted coffee market declined modestly to $X in 2022, waning by X% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Roasted Coffee Production in Latin America and the Caribbean

In value terms, roasted coffee production dropped to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Roasted Coffee Exports

Exports in Latin America and the Caribbean

In 2022, after seven years of growth, there was significant decline in overseas shipments of roasted coffee, when their volume decreased by X% to X tons. Total exports indicated a mild increase from 2012 to 2022: its volume 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. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2021, and then reduced sharply in the following year.

In value terms, roasted coffee exports rose sharply to $X in 2022. Total exports indicated a noticeable expansion 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, exports increased by X% against 2014 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Exports by Country

In 2022, Colombia (X tons) represented the main exporter of roasted coffee, generating X% of total exports. It was distantly followed by Brazil (X tons) and Panama (X tons), together making up a X% share of total exports. Mexico (X tons), Uruguay (X tons), the Dominican Republic (X tons), Costa Rica (X tons) and Nicaragua (X tons) followed a long way behind the leaders.

Exports from Colombia increased at an average annual rate of X% from 2012 to 2022. At the same time, Uruguay (X%), Panama (X%) and Brazil (X%) displayed positive paces of growth. Moreover, Uruguay emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Nicaragua (X%), Costa Rica (X%), Mexico (X%) and the Dominican Republic (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Colombia, Panama, Uruguay and Brazil increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Colombia ($X) remains the largest roasted coffee supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Brazil ($X), with a X% share of total exports. It was followed by Panama, with a X% share.

In Colombia, roasted coffee exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (X% per year) and Panama (X% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

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

Roasted Coffee Imports

Imports in Latin America and the Caribbean

In 2022, imports of roasted coffee in Latin America and the Caribbean totaled X tons, rising by X% against the year before. In general, imports showed resilient growth. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, roasted coffee imports skyrocketed to $X in 2022. Over the period under review, imports saw resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

The purchases of the six major importers of roasted coffee, namely Brazil, Chile, Belize, Mexico, Argentina and Costa Rica, represented more than two-thirds of total import. The following importers - Venezuela (X tons), Panama (X tons), El Salvador (X tons), the Dominican Republic (X tons), Peru (X tons), Paraguay (X tons) and Uruguay (X tons) - together made up X% of total imports.

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

In value terms, Brazil ($X) constitutes the largest market for imported roasted coffee in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Chile ($X), with a X% share of total imports. It was followed by Argentina, with a X% share.

In Brazil, roasted coffee imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Chile (X% per year) and Argentina (X% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price, however, showed a mild slump. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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