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Urea Prices Spike by 46% in October Following Natural Gas Cost

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Urea Prices Spike by 46% in October Following Natural Gas Cost

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Urea price soared by +46% in October 2021, reaching $612.5 per tonne, according to the latest World Bank’s data. The spike was caused by a sharp slump in the world’s production, as many producers have suspended manufacturing owing to skyrocketing natural gas prices and energy resource shortages. Russia, China and Egypt remain the key urea suppliers, while India, Brazil and the U.S. lead the world import ranking. 

Global Urea Price Trend 

According to World Bank’s data, from September 2021 to October 2021, the global urea price jumped from $418.75 per tonne to $612.5 per tonne. Since the beginning of this year, the global price increased more than twofold, from $265 per tonne in January to $612.5 per tonne in October. In 2020, the global average urea price estimated at $229.1 per tonne. The rapidly growing cost of energy resources, primarily natural gas, has not only led to a rise in urea cost but has also resulted in the work suspension of fertilizer manufacturing plants around the world.

Global Urea Exports by Country

Global urea exports fell to 48M tonnes in 2020, declining by -2.9% y-o-y. In value terms, urea exports dropped from $14.5B in 2019 to $12.7B in 2020.

Russia (7.3M tonnes) and China (5.5M tonnes) represented the key exporters of urea in 2020, recording approx. 24% and 18% of total exports, respectively. It was distantly followed by Egypt (3.1M tonnes), Indonesia (2.4M tonnes), Malaysia (2.1M tonnes) and Ukraine (1.5M tonnes), together creating a 30% share of total exports. The following exporters – Poland (1.3M tonnes), the Netherlands (1.3M tonnes), Germany (1.2M tonnes), Canada (0.8M tonnes) and the U.S. (0.8M tonnes) – together made up a further 18% of the total exports.

Over the last year, urea exports from Russia and China rose by +4.5% y-o-y and +10.2% y-o-y, respectively, while the supplies from Egypt dropped by -29%.

In value terms, Russia ($1.5B), China ($1.4B) and Egypt ($891M) constituted the countries with the highest levels of exports in 2020, with a combined 51% share of global exports.

World’s Leading Urea Importers

In 2020, India (11M tonnes), distantly followed by Brazil (7.1M tonnes), the U.S. (4.5M tonnes), Turkey (2.5M tonnes), Australia (2.4M tonnes) and Thailand (2.4M tonnes) represented the major importers of urea, together committing 63% of total imports. Mexico (1.4M tonnes), France (1.4M tonnes), Argentina (1.1M tonnes), Spain (0.9M tonnes), Italy (0.9M tonnes), the U.K. (0.9M tonnes), and South Korea (0.8M tonnes) followed a long way behind the leaders.

In value terms, the largest urea importing markets worldwide were India ($2.9B), Brazil ($1.9B) and the U.S. ($1.2B), with a combined 47% share of global imports.

Source: IndexBox Platform

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India Emerges as Fastest-Growing Syringe Exporter Worldwide

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IndexBox has just published a new report: ‘World – Syringes, With Or Without Needles – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

The Covid-19 pandemic intensified the global trade in syringes and enabled India to become the fastest-growing exporter with the lowest syringe prices in 2020. Over the last year, Indian supplies abroad spiked from $32М to $40M. Global syringe exports also followed an upward trend, rising by +4.4% y-o-y to $5.7B. While India robustly ramps up supplies, the U.S. ($872M), China ($766M) and France ($693M) remain the world’s largest exporters, providing 41% of total exports. 

Syringe Exports by Country

In 2020, global exports of syringes amounted to 52B units, growing by 4.9% compared with 2019 figures. In value terms, exports expanded by +4.4% y-o-y to $5.7B (IndexBox estimates) in 2020.

Among the major exporting countries, India recorded the highest export growth rate over the last year. The number of supplied syringes rose from 986M to 1.3B units, increasing from $32М to $40M in monetary terms.

While India rapidly increases exports, China keeps holding the leading supplier position, with the volume of exports amounting to 18B units, which was near 36% of total exports in 2020. Germany (5.8B units) ranks second in terms of total exports with an 11% share, followed by the U.S. (7.9%), France (6.8%) and Spain (5.9%).

In value terms, the largest syringe supplying countries worldwide were the U.S. ($872M), China ($766M) and France ($693M), with a combined 41% share of global exports. These countries were followed by Germany, Switzerland, Belgium, the Netherlands, Italy, Mexico, the UK, Spain, Ireland and India, which accounted for a further 42%.

In 2020, the average syringe export price amounted to $109,7 per thousand units, remaining constant against the previous year. There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was the Netherlands ($328 per thousand units), while India ($32 per thousand units) was amongst the lowest. In 2020, the Netherlands attained the most notable rate of growth in terms of prices, while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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Turkey’s Marble and Travertine Exports Slump as China and India Reduce Purchases

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IndexBox has just published a new report: ‘Turkey – Marble And Travertine – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

Turkey’s marble and travertine exports fell from $865M in 2019 to $663M in 2020. In physical terms, exports shrank by -23% y-o-y to 3.5M tonnes. China and India, the key importers of marble and travertine from Turkey, rapidly decreased the volume of purchases by -22% y-o-y and 28% y-o-y, respectively. The supplies to China comprise 76% of Turkish exports of marble and travertine.

Turkey’s Marble and Travertine Exports

In 2020, marble and travertine exports from Turkey declined rapidly to 3.5M tonnes, reducing by -22.7% against the year before. In value terms, marble and travertine exports dropped from $865M in 2019 to $663M (IndexBox estimates) in 2020.

China (2.6M tonnes) was the leading destination for marble and travertine exports from Turkey, with a 76% share of total exports. Moreover, marble and travertine exports to China exceeded the volume sent to the second major destination, India (341K tonnes), eightfold.

In 2020, Turkish supplies to China fell by -21.8% y-o-y. Exports to India and Egypt dropped by -28.1% y-o-y and -9.6% y-o-y, respectively.

In value terms, China ($538M) remains the key foreign market for marble and travertine exports from Turkey, comprising 81% of total exports. The second position in the ranking was occupied by India ($60M), with a 9% share of total exports.

In 2020, the average marble and travertine export price amounted to $191 per tonne, remaining relatively unchanged against the previous year. Prices varied noticeably by the country of destination; the country with the highest price was China ($203 per tonne), while the average price for exports to Egypt ($76 per tonne) was amongst the lowest. In 2020, the most notable growth rate in terms of prices was recorded for supplies to Egypt, while the prices for the other significant destinations experienced a decline.

Source: IndexBox Platform

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European Fish Fat and Oil Exports Surge with Growing Supplies from Denmark

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IndexBox has just published a new report: ‘EU – Fish Fats And Oils – Market Analysis, Forecast, Size, Trends and Insights‘. Here is a summary of the report’s key findings.

European fish fat and oil exports increased by +23% y-o-y to $541M in 2020. In physical terms, exports rose +12% y-o-y to 251K tonnes. Denmark remains the most significant European fish fat supplier, accounting for 60% of total export volume in the EU, followed by France and the Netherlands. All these countries increased their export value last year. The average fish fat and oil export price in the EU spiked by +10% y-o-y to $2,155 per tonne in 2020.

European Fish Fat and Oil Exports

Fish fat and oil exports expanded remarkably to 251K tonnes in 2020, picking up by +12% compared with the previous year’s figure. In value terms, fish fat and oil exports skyrocketed by +23.4% y-o-y to $541M (IndexBox estimates) in 2020.

In 2020, Denmark (150K tonnes) represented the largest exporter of fish fats and oils, constituting 60% of total exports. France (26K tonnes) held an 11% share (based on tonnes) of total exports, which put it in second place, followed by the Netherlands (8.6%), Germany (6.3%) and Spain (4.7%). The following exporters – Latvia (8.4K tonnes) and Poland (6.4K tonnes) – each accounted for a 5.9% share of total exports.

In value terms, Denmark ($297M) remains the most prominent fish fat and oil supplier in the EU, comprising 55% of total exports. The second position in the ranking was occupied by the Netherlands ($69M), with a 13% share, followed by France, with a 10% share.

In Denmark, fish fat and oil exports increased by +21.8% y-o-y in 2020. Exports from the Netherlands jumped by +64.0% y-o-y, while France recorded a +12.7%-increase in exports.

In 2020, the average export price for fish fat and oil in the EU grew by 10% y-o-y to $2,155 per tonne. Prices varied noticeably by the country of origin; the country with the highest price was the Netherlands ($3,194 per tonne), while Latvia ($1,057 per tonne) was amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by Denmark, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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Palm Kernel Oil Prices Soar by 27% in October

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IndexBox has just published a new report: ‘World – Palm Kernel And Babassu Oil – Market Analysis, Forecast, Size, Trends and Insights‘. Here is a summary of the report’s key findings.

Prices for palm kernel oil spiked by 27% over the month, reaching $1,807 in October 2021. Compared to this year’s January figures, the prices soared by +32%. In 2020, palm kernel exports dropped by -3.1% y-o-y in physical terms but grew by +8.9% y-o-y in value terms, reaching $2.5B. Indonesia remains the largest supplier, accounting for 56% of global exports of palm kernel oil. China, the U.S. and Germany constitute the most prominent importers of the product. 

Palm Kernel Oil Prices

According to World Bank’s data, the global price for palm kernel oil spiked by 27% over a month, increasing from $1,427 per tonne in September to $1,807 in October 2021.

Since the beginning of this year, the global price grew by +32%, rising from $1,368 per tonne in January to $1,807 per tonne in October 2021. In 2020, the average price was estimated at $824 per tonne.

Global Palm Kernel Oil Exports

In 2020, approx. 3.1M tonnes of palm kernel and babassu oil were exported worldwide, declining by -3.1% compared with 2019 figures. In value terms, palm kernel oil exports expanded by +8.9% y-o-y to $2.5B (IndexBox estimates) in 2020.

Indonesia was the largest exporter of palm kernel and babassu oil globally, with the volume of exports resulting at 1.7M tonnes, which was near 56% of total exports in 2020. It was distantly followed by Malaysia (864K tonnes), achieving a 28% share of total exports. The following exporters – Guatemala (74K tonnes), Papua New Guinea (69K tonnes), Thailand (66K tonnes) and Colombia (65K tonnes) – each reached 9% shares of total exports.

In 2020, the exports from Guatemala rose twofold, while shipments from the other global leaders experienced more modest paces of growth.

In value terms, Indonesia ($1.3B), Malaysia ($708M) and Papua New Guinea ($57M) appeared to be the top exporting countries in 2020, together accounting for 86% of global exports. These countries were followed by Colombia, Guatemala and Thailand, which accounted for a further 5.8%.

In 2020, the average palm kernel oil export price amounted to $800 per tonne, increasing by +12% against the previous year. Prices varied somewhat amongst the major exporting countries. In 2020, the highest average prices were recorded in Papua New Guinea ($825 per tonne) and Malaysia ($819 per tonne), while Guatemala ($607 per tonne) and Thailand ($667 per tonne) featured the lowest prices. In 2020, the most notable rate of growth in terms of prices was attained by Indonesia, while the other global leaders experienced more modest paces of growth.

World’s Major Importers of Palm Kernel Oil

In 2020, China (845K tonnes), distantly followed by the U.S. (381K tonnes), Germany (358K tonnes), Malaysia (292K tonnes), the Netherlands (229K tonnes), and Brazil (216K tonnes) were the major importers of palm kernel and babassu oil, together with mixing up 72% of total imports. India (124K tonnes), Turkey (76K tonnes), Japan (73K tonnes), Russia (70K tonnes), the Philippines (54K tonnes), Spain (51K tonnes) and Italy (51K tonnes) took a relatively small share of total imports.

In value terms, China ($570M), the U.S. ($335M) and Germany ($303M) were the countries with the highest levels of imports in 2020, with a combined 46% share of the total figure. Malaysia, the Netherlands, Brazil, India, Russia, Japan, Turkey, Italy, Spain and the Philippines lagged somewhat behind, comprising a further 39%.

Source: IndexBox Platform

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U.S. and China Expand Caustic Soda Exports to Brazil

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IndexBox has just published a new report: ‘Brazil – Caustic Soda – Market Analysis, Forecast, Size, Trends And Insights‘. Here is a summary of the report’s key findings.

In 2020, Brazil’s caustic soda imports jumped by +17% y-o-y to 2.7M tonnes, or by +11% y-o-y to $507M in value terms. The U.S., followed by Peru and China, remains the key supplier of caustic soda to Brazil, accounting for 91% of the import volume. Last year, purchases from the U.S. and China soared in physical terms, while imports from Peru declined by -12% y-o-y. The average caustic soda import price dropped by -5.3% y-o-y to $185 per tonne in 2020.

Brazil’s Caustic Soda Imports 

In 2020, approx. 2.7M tonnes of caustic soda were imported into Brazil, increasing by +17% against the previous year’s figure. In value terms, caustic soda imports expanded by +10.6% y-o-y to $507M (IndexBox estimates) in 2020.

In 2020, the U.S. (2.5M tonnes) was the leading supplier of caustic soda to Brazil, with a 91% share of total imports. It was followed by Peru (65K tonnes), with a 2.4% share of total imports. China (63K tonnes) ranked third in terms of total imports with a 2.3% share.

In 2020, the volume of supplies from the U.S. totalled grew by +13.7% y-o-y. Imports from Peru dropped by -12.3% y-o-y, while purchases from China rose nearly twofold.

In value terms, the U.S. ($451M) constituted the largest supplier of to Brazil, comprising 89% of total imports. The second position in the ranking was occupied by China ($15M), with a 3% share of total imports, and it was followed by Peru, with a 2.6% share.

The average caustic soda import price stood at $185 per tonne in 2020, dropping by -5.3% against the previous year. Average prices varied somewhat amongst the major supplying countries. In 2020, the highest prices were recorded for prices from China ($244 per tonne) and Peru ($204 per tonne), while the price for Saudi Arabia ($165 per tonne) and the U.S. ($182 per tonne) were amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by Saudi Arabia, while the prices for the other significant suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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Belgium Overtakes Germany as Second-Largest Biodiesel Exporter Worldwide

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IndexBox has just published a new report: ‘World – Biodiesel – Market Analysis, Forecast, Size, Trends And Insights‘. Here is a summary of the report’s key findings.

This year, Belgium is overtaking Germany to emerge as the second-largest biodiesel exporter in the world. From January to July 2021, Belgium supplied biodiesel worth $2.1B abroad, while Germany’s exports were estimated at $1.8B. The Netherlands keeps the leading position with a biodiesel export value of $4.2B. In 2020, Germany ($2.3B) followed the Netherlands ($4.6B) in global export ranking, while Belgium ($1.5B) took third place. The average biodiesel export price grew by +11% y-o-y to $979 per tonne in 2020. 

Global Biodiesel Exports by Country

Over the period from January to July 2021, the Netherlands remains the top biodiesel exporter worldwide, with a $4.2B value of the shipments abroad. Belgium ($2.1B) took second place in the global export ranking, followed by Germany ($1.8B).

In 2020, the amount of biodiesel exported worldwide amounted to 16M tonnes. In value terms, biodiesel exports were estimated at $15.9B (IndexBox estimates).

Last year, the Netherlands (4.7M tonnes), distantly followed by Germany (2.3M tonnes), Belgium (1.6M tonnes), Spain (1.5M tonnes), and China (0.9M tonnes) were the significant biodiesel exporters, together creating 70% of total exports. The following exporters – Argentina (597K tonnes), France (557K tonnes), Italy (494K tonnes), the U.S. (476K tonnes), Malaysia (402K tonnes), Canada (397K tonnes), Poland (365K tonnes) and Austria (289K tonnes) – together made up 23% of total exports.

In value terms, the Netherlands ($4.6B), Germany ($2.3B) and Belgium ($1.5B) constituted the countries with the highest levels of exports in 2020, with a combined 55% share of global exports. These countries were followed by Spain, China, Italy, France, Argentina, the U.S., Canada, Malaysia, Austria and Poland, which accounted for 38%.

Italy saw the highest growth rate of the value of exports in 2020, while shipments for the other global leaders experienced more modest paces of growth. The value of biodiesel exported from Italy rose from $719M to $1.1B.

The average biodiesel export price stood at $979 per tonne in 2020, rising by +11% against the previous year. Prices varied noticeably by the country of origin; the country with the highest price was Italy ($1,289 per tonne), while Argentina ($784 per tonne) was amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by Italy, while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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American Frozen Fish Meat Exports Slump on Falling Demand from Japan

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IndexBox has just published a new report: ‘U.S. – Frozen Fish Meat – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

American frozen fish meat exports dropped from $602M in 2019 to $518M in 2020 amid the declining demand from Japan and South Korea. In physical terms, exports shrank by -9.5% y-o-y to 198K tonnes. South Korea, Japan and France constitute the leading importers, accounting for 65% of American frozen fish meat exports. The average export price for frozen fish meat from the U.S. decreased by -4.8% y-o-y to $2,623 per tonne in 2020.

American Frozen Fish Meat Exports by Country

In 2020, frozen fish meat exports from the U.S. declined to 198K tonnes, reducing by -9.5% against the year before. In value terms, frozen fish meat exports shrank from $602M in 2019 to $518M (IndexBox estimates) in 2020.

South Korea (61K tonnes), Japan (51K tonnes) and France (17K tonnes) were the main destinations of frozen fish meat exports from the U.S., with a combined 65% share of total exports. The Netherlands, Spain, Lithuania and Canada lagged somewhat behind, together accounting for a further 24%.

American supplies to Japan dropped from 75K tonnes to 51K tonnes last year. Exports to South Korea reduced from 68K tonnes to 61K tonnes. By contrast, frozen fish meat exports to the Netherlands increased by +50%, reaching 14K tonnes in 2020.

In value terms, the largest markets for frozen fish meat exported from the U.S. were South Korea ($162M), Japan ($128M) and France ($45M), with a combined 65% share of total exports. These countries were followed by Spain, Lithuania, the Netherlands and Canada, which together accounted for a further 25%.

The average export price for frozen fish meat stood at $2,623 per tonne in 2020, shrinking by -4.8% against the previous year. Prices varied noticeably by the country of destination; the country with the highest price was Canada ($3,563 per tonne), while the average price for exports to the Netherlands ($2,330 per tonne) was amongst the lowest. In 2020, the most notable growth rate in terms of prices was recorded for supplies to France, while the prices for the other significant destinations experienced mixed trend patterns.

Source: IndexBox Platform

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Approaching Magnesium Deficiency Threatens to Disrupt the European Auto Industry

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IndexBox has just published a new report: ‘World – Magnesium – Market Analysis, Forecast, Size, Trends and Insights‘. Here is a summary of the report’s key findings.

Limiting industrial carbon dioxide emissions in China has halted work in two-thirds of Shaanxi’s fifty magnesium plants, while the rest of the factories will be required to halve production. As a result, in the next six months, the global market may face a deficit, hitting the European automotive industry particularly hard. The German Non-Ferrous Metals Association (WVM) calls on the German government to begin negotiations with China to increase magnesium supplies to Europe.

Key Trends and Insights

Over the next six months, a deficit is expected in the world magnesium market. China, the primary supplier of magnesium, is cutting production in order to reduce greenhouse emissions as part of a comprehensive program to reduce energy consumption. According to IndexBox estimates, China accounts for 87% of world production and 81% of the total exports, so a marked reduction in supply in the country will be a shock to the global market.

In the Shaanxi Province, a critical magnesium-producing region in China, 35 of the 50 magnesium plants have been shut down to date. The rest of the factories were forced to cut production in half to save energy. In September of this year, the Yulin Municipal Development and Reform Commission (Shaanxi Province) introduced restrictions that require businesses to suspend or reduce production intensity by 50-60%, depending on the level of energy consumption of the company and the amount of its carbon dioxide emissions.

The world market reacted to the introduction of restrictive measures in China with a jump in prices. European average magnesium prices surpassed the $4,500 per tonne mark in early September, a peak since 2008, while back in June, they were at $2,800 per tonne (according to IndexBox estimates).

The automotive industry, consuming 35% of magnesium produced worldwide, could suffer from the metal shortage. The European market is almost entirely dependent on Chinese supplies, which cover 95% of the total demand for the metal since there is no domestic production within the EU. It is expected that the current reserves of magnesium in Europe, and Germany in particular, a key importer of this metal, will be exhausted by November 2021.

A cross-industry group of associations issued an urgent call for action against the imminent risk of European production shutdowns due to a possible suspension of supply chains. This letter has been signed by European Aluminium, Eurometaux, Eurofer, ECCA, IMA, ESTAL, Metals Packaging Europe, CLEPA, EuroAlliages, EUWA, and the European Automobile Manufacturers’ Association (ACEA), representing the 15 major Europe-based automobile manufacturers including BMW, Toyota, Volkswagen, Honda, Hyundai and Ferrari. Earlier, the German Non-Ferrous Metals Association (WVM) has sent a similar letter to the German government calling for negotiations with China to increase magnesium supplies to the EU.

Global Magnesium Production

Global magnesium production dropped to 1M tonnes in 2020, with a decrease of -7.5% on the previous year. In value terms, magnesium production declined from $3B in 2019 to $2.8B in 2020 estimated in export prices.

China (900K tonnes) constituted the country with the largest volume of magnesium production, comprising approx. 87% of total volume. Moreover, magnesium production in China exceeded the figures recorded by the second-largest producer, Russia (60K tonnes), more than tenfold. The third position in this ranking was occupied by Brazil (20K tonnes), with a 1.9% share.

Global Magnesium Exports

Global magnesium exports fell to 385K tonnes in 2020, waning by -9.8% against the previous year. In value terms, magnesium exports shrank from $1.2B in 2019 to $1.1B in 2020.

China prevails in magnesium export structure, recording 311K tonnes, which was approx. 81% of total exports in 2020. The U.S. (11K tonnes), Turkey (9.4K tonnes), Germany (9.3K tonnes), the Czech Republic (6.7K tonnes), Russia (6.7K tonnes) and Taiwan (Chinese) (5.8K tonnes) took a little share of total exports.

In value terms, China ($759M) remains the largest magnesium supplier worldwide, comprising 72% of global exports. The second position in the ranking was occupied by Turkey ($39M), with a 3.7% share of global exports. It was followed by the U.S., with a 3.4% share.

In 2020, the value of supplies from China and the U.S. dropped by -15.6% y-o-y and -15.3% y-o-y, respectively. By contrast, Turkey increased exports in value terms twofold.

In 2020, the average magnesium export price amounted to $2,747 per tonne, waning by -3.8% against the previous year. Prices varied noticeably by the country of origin; the country with the highest price was Turkey ($4,110 per tonne), while China ($2,442 per tonne) was amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by Russia, while the other global leaders experienced more modest paces of growth.

World’s Largest Magnesium Importers

The purchases of the twelve major importers of magnesium, namely Canada, Germany, the U.S., Japan, South Korea, India, Taiwan (Chinese), Norway, France, Austria, Romania and Russia, represented more than two-thirds of total import. Mexico (8.6K tonnes) held a minor share of total imports.

In value terms, the largest magnesium importing markets worldwide were the U.S. ($156M), Canada ($92M) and Germany ($89M), with a combined 38% share of global imports.

Source: IndexBox Platform

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Global Decaffeinated Coffee Trade Falls with Reduced American Purchases

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IndexBox has just published a new report: ‘World – Decaffeinated Coffee – Market Analysis, Forecast, Size, Trends And Insights’. Here is a summary of the report’s key findings.

Global decaffeinated coffee exports dropped from $1.6B in 2019 to $1.5B in 2020. Germany remains the world’s largest supplier, accounting for 48% of the total decaffeinated coffee exports in 2020. Last year, Germany saw a decrease in coffee exports, as its major trade partner, the U.S., had reduced the purchases. The average export price for decaffeinated coffee jumped by +5.6% y-o-y to $4,618 per tonne in 2020. The U.S., Spain and the Netherlands continue to lead in global decaffeinated coffee imports. 

Global Decaffeinated Coffee Exports

Global decaffeinated coffee exports dropped to 319K tonnes in 2020, with a decrease of -14.3% compared with the year before. In value terms, decaffeinated coffee exports reduced from $1.6B in 2019 to $1.5B (IndexBox estimates) in 2020.

Germany constitutes the major exporter of decaffeinated coffee in the world, with the volume of exports amounting to 153K tonnes, which was approx. 48% of total exports in 2020. In Germany, decaffeinated coffee exports declined by -2.6% over the last year.

Viet Nam (24K tonnes) held a 7.5% share (based on tonnes) of total exports, which put it in second place, followed by Switzerland (7.4%), Spain (6.6%), Canada (5.9%) and Colombia (5.1%). Mexico (10K tonnes) and France (7.7K tonnes) occupied a minor share of total exports.

In value terms, Germany ($480M) remains the largest decaffeinated coffee supplier worldwide, comprising 33% of global exports. The second position in the ranking was occupied by Switzerland ($219M), with a 15% share of global exports. It was followed by France, with a 9.1% share.

In 2020, the average decaffeinated coffee export price amounted to $4,618 per tonne, picking up by +5.6% against the previous year. Prices varied noticeably by country of origin. The country with the highest price was France, while Viet Nam was amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by France, while the other global leaders experienced more modest paces of growth.

World’s Largest Importers of Decaffeinated Coffee

The U.S. remains the largest importing country with an import of about 101K tonnes, which accounted for 41% of total imports. In 2020, the U.S. reduced its purchases by -7.8% against the previous year. Germany was the largest supplier of decaffeinated coffee to the U.S. last year.

Spain (34K tonnes) ranks second in terms of the total imports with a 14% share, followed by the Netherlands (5.6%) and Switzerland (4.6%). France (11K tonnes), Italy (10K tonnes), the UK (9.5K tonnes), Canada (5.7K tonnes), Saudi Arabia (4.1K tonnes), Mexico (4K tonnes) and South Korea (3.9K tonnes) held a minor share of total imports.

In value terms, the U.S. ($411M) constitutes the largest market for imported decaffeinated coffee worldwide, comprising 33% of global imports. The second position in the ranking was occupied by Spain ($121M), with a 9.8% share of global imports. It was followed by France, with a 7.7% share.

Source: IndexBox Platform