Updated Feb 7, 2023 12:31

Roasted Decaffeinated Coffee Market in Costa Rica

Market Overview
The Costa Rican roasted decaffeinated coffee market expanded markedly to $ in , picking up by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed a abrupt decrease. Over the period under review, the market hit record highs at $ in 2007; however, from 2008 to , consumption failed to regain momentum.

In value terms, roasted decaffeinated coffee production amounted to $ in estimated in export price. Overall, production, however, recorded a noticeable slump. The most prominent rate of growth was recorded in 2018 with an increase of % against the previous year. Roasted decaffeinated coffee production peaked at $ in 2007; however, from 2008 to , production remained at a lower figure.


Consumption
In , consumption of roasted decaffeinated coffee in Costa Rica was estimated at tons, picking up by % against . In general, consumption, however, recorded a abrupt decrease. Over the period under review, consumption attained the maximum volume at tons in 2007; however, from 2008 to , consumption failed to regain momentum.

The size of the roasted decaffeinated coffee market in Costa Rica reached $ in , with an increase of % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a abrupt decline. Over the period under review, the market hit record highs at $ in 2007; however, from 2008 to , consumption failed to regain momentum.


Market Forecast
Depressed by shrinking demand for roasted decaffeinated coffee in Costa Rica, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .

In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Over the period under review, imports of roasted decaffeinated coffee in Costa Rica were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for roasted decaffeinated coffee. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review. The growth in the share of Costa Rica imports of in the roasted decaffeinated coffee market structure from % in 2007 to % in is explained by a more substantial reduction in output, compared with a decrease in imports. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.


Trade Balance
Costa Rica remains a net exporter of roasted decaffeinated coffee; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.