Panama: Market for Coffee (Decaffeinated or Roasted) 2024

Market Size for Coffee (Decaffeinated or Roasted) in Panama

The Panamanian decaffeinated or roasted coffee market fell to $X in 2022, waning by X% against the previous year. In general, consumption continues to indicate a pronounced decline. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Production of Coffee (Decaffeinated or Roasted) in Panama

In value terms, decaffeinated or roasted coffee production fell to $X in 2022 estimated in export price. Over the period under review, the total production indicated a modest 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, production increased by X% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Exports of Coffee (Decaffeinated or Roasted)

Exports from Panama

In 2022, shipments abroad of coffee (decaffeinated or roasted) decreased by X% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2016 with an increase of X%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, decaffeinated or roasted coffee exports dropped to $X in 2022. Overall, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The exports peaked at $X in 2021, and then dropped in the following year.

Exports by Country

The United States (X tons) was the main destination for decaffeinated or roasted coffee exports from Panama, with a X% share of total exports. Moreover, decaffeinated or roasted coffee exports to the United States exceeded the volume sent to the second major destination, China (X tons), threefold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, China ($X), Taiwan (Chinese) ($X) and the United States ($X) were the largest markets for decaffeinated or roasted coffee exported from Panama worldwide, with a combined X% share of total exports. Japan, South Korea, Saudi Arabia, Germany, Hong Kong SAR, Australia, the UK, the Netherlands, Belgium and Spain lagged somewhat behind, together accounting for a further X%.

Australia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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. Overall, the export price saw resilient growth. The pace of growth was the most pronounced in 2013 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Spain ($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 Australia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Coffee (Decaffeinated or Roasted)

Imports into Panama

In 2022, purchases abroad of coffee (decaffeinated or roasted) decreased by X% to X tons, falling for the second year in a row after six years of growth. Overall, imports, however, showed a significant expansion. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, decaffeinated or roasted coffee imports fell sharply to $X in 2022. Over the period under review, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Colombia (X tons) constituted the largest supplier of decaffeinated or roasted coffee to Panama, accounting for a X% share of total imports. Moreover, decaffeinated or roasted coffee imports from Colombia exceeded the figures recorded by the second-largest supplier, Italy (X tons), fourfold. The third position in this ranking was taken by the UK (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Colombia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and the UK (X% per year).

In value terms, Colombia ($X) constituted the largest supplier of coffee (decaffeinated or roasted) to Panama, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports. It was followed by the UK, with a X% share.

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

Import Prices by Country

In 2022, the average decaffeinated or roasted coffee import price amounted to $X per ton, increasing by X% against the previous year. Overall, the import price, however, recorded a pronounced descent. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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