Coffee: Regional Sales Not Rebounding


News from Panama / Tuesday, January 28th, 2020

During the first six months of 2019, coffee exports from Central American countries totaled $1.782 million, 8% less than what was reported for the same period in 2018.

Honduras, Main Seller
In the first half of 2019, the main coffee exporter in Central America was Honduras with $708 million, followed by Guatemala with $454 million, Nicaragua with $322 million, Costa Rica with $205 million, El Salvador with $81 million and Panama with $11 million.

Variation in Regional Exports
Between the first semester of 2018 and the same period in 2019, the value exported from the region fell 8%, from $1.948 million to $1.782 million.

The year-on-year contraction recorded in sales in the first semester of 2019 is partly explained by the behavior of exportations to Belgium that fell from $287 million to $184 million.

Price of Exports
Mainly due to international grain prices, the average price of regional coffee exports has shown a clear downward trend over the last seven years, falling from $4.72 per kilo in March 2012 to $2.83 in June 2019.

Destination of Exports
In the first half of the year, 37% of the value exported from Central America was destined for the United States, 14% for Germany, 10% for Belgium, 6% for Italy and 5% for Japan.

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