Coffee, husks, skins and substitutes market in Honduras

Earlier Report Observations

In 2019, the domestic coffee market volume expanded to 62.1 K t, primarily due to reduced exports driven by lower international prices, which increased local availability. The market contracted to 43.2 K t in 2020 as the COVID-19 pandemic disrupted supply chains and dampened demand, while production was impacted by extreme weather events.

By 2021, the market fell further to 28.8 K t as rising international prices encouraged exports, limiting domestic supply, and production faced challenges from coffee rust and climate change. Market volume stabilized at around 29.1 K t in 2022 despite ongoing pressure from climate variability and price declines, partly supported by the entry of new local roasters and traders. A recovery to 41.8 K t occurred in 2023 when exports declined due to climatic issues and low prices, and domestic consumption was bolstered by the expansion of national brands and coffee shops, along with the arrival of new players like AGROCENTRO.

Regulatory developments, such as preparations for the European Union Deforestation Regulation (EUDR) and the implementation of traceability and labeling requirements, influenced export dynamics throughout the period, while the promotion of organic and specialty coffee helped diversify the market.

Production coffee, husks, skins and substitutes in Honduras

In kind, 2017-2020, K t

Globally, Honduras ranked as the 6th largest producer of coffee, husks, skins, and substitutes from 2017 to 2020.

Top producers of coffee, husks, skins and substitutes, 2017-2020

World map of production of coffee, husks, skins and substitutes, 2017-2020

Honduras saw its production of coffee, husks, skins, and substitutes decline for the second year in a row. In 2020, the country produced 364.6 thousand tons, marking a 22.8% drop from 2019. Over the period from 2017 to 2020, production fell by 23.7%, which translates to an annualized decrease of 8.6%. The peak was in 2018, with 478.8 thousand tons, while the largest increase occurred that same year at 0.3%.

Annual dynamics of production in Honduras in kind, 2017-2020, K t

In value, 2017-2020, M $ US

Honduras experienced a third consecutive year of decline in the production value of coffee, husks, skins, and substitutes. In 2020, the output was valued at 987 million US dollars, down 9.9% from the previous year. From 2017 to 2020, production value decreased by 31%, averaging an 11.6% annualized decline.

Annual dynamics of production in Honduras in value, 2017-2020, M $ US

Exports coffee, husks, skins and substitutes from Honduras

Exports in kind, K t

Honduras's exports of coffee, husks, skins, and substitutes fell for the third straight year. In 2020, export volume totaled 322.2 thousand tons, a 21.9% decrease from 2019. Between 2017 and 2020, exports dropped by 25.3%, with a compound annual growth rate (CAGR) of -9.3%.

Annual dynamics of product's exports from Honduras in kind, 2017-2020, K t

From 2017 to 2020, Germany, Belgium, and the United States were the top destinations for Honduras's exports of coffee, husks, skins, and substitutes in volume terms. Germany accounted for 22.9% of exports, Belgium for 17.6%, and the United States for 16.9%, together making up 57.4% of total flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Honduras in kind, 2017-2020

Exports in value, M $ US

The value of Honduras's exports of coffee, husks, skins, and substitutes declined for the third consecutive year. In 2020, exports amounted to 872 million US dollars, an 8.8% decrease from 2019. Over the 2017-2020 period, export value fell by 32.5%, with a CAGR of -12.3%.

Annual dynamics of product's exports from Honduras in value, 2017-2020, M $ US

In value terms, Germany, Belgium, and the United States led Honduras's exports of coffee, husks, skins, and substitutes from 2017 to 2020. Germany represented 23.7% of exports, Belgium 17.7%, and the United States 17.5%, collectively accounting for 58.9% of total flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Honduras in value, 2017-2020

Imports coffee, husks, skins and substitutes to Honduras

Imports in kind, K t

Following two years of growth, Honduras's imports of coffee, husks, skins, and substitutes declined. In 2020, import volume reached 0.8 thousand tons, down 53.1% from 2019. Over the 2017-2020 period, imports decreased by 48.4%, with a CAGR of -19.8%. The highest volume was recorded in 2019 at 1.8 thousand tons, while the largest increase occurred in 2018 at 9.4%.

Annual dynamics of product's imports to Honduras in kind, 2017-2020, K t

From 2017 to 2020, Nicaragua was the primary source for Honduras's imports of coffee, husks, skins, and substitutes in volume terms, accounting for 94.9% of total flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Honduras in kind, 2017-2020

Imports in value, M $ US

Honduras's imports of coffee, husks, skins, and substitutes in value terms declined for the second year in a row. In 2020, imports were approximately 0.2 million US dollars, a 36.3% drop from the previous year. Between 2017 and 2020, import value fell by 29%, with a CAGR of -10.8%. The peak was in 2018 at 0.4 million US dollars, with the largest increase that year at 55.1%.

Annual dynamics of product's imports to Honduras in value, 2017-2020, M $ US

From 2017 to 2020, the United States, Nicaragua, and Costa Rica were the main sources for Honduras's imports of coffee, husks, skins, and substitutes in value terms. The United States accounted for 37.3% of imports, Nicaragua for 12.3%, and Costa Rica for 12.3%, together making up 61.9% of total flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Honduras in value, 2017-2020