Argentina: Coffee Extract Market 2024

Coffee Extract Market Size in Argentina

The Argentinian coffee extract market expanded markedly to $X in 2021, increasing by 5.7% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Coffee Extract Production in Argentina

In value terms, coffee extract production rose slightly to $X in 2021 estimated in export price. In general, production continues to indicate a mild descent. The pace of growth appeared the most rapid in 2017 when the production volume increased by 21% against the previous year. Coffee extract production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Coffee Extract Exports

Exports from Argentina

In 2021, exports of coffee extracts, essences and concentrates from Argentina dropped modestly to X tons, with a decrease of -4.1% on 2020. Over the period under review, total exports indicated a measured increase from 2012 to 2021: its volume increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +28.2% against 2019 indices. The pace of growth was the most pronounced in 2016 with an increase of 124%. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, coffee extract exports declined to $X in 2021. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 121% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Uruguay (X tons), Bahrain (X tons) and Chile (X tons) were the main destinations of coffee extract exports from Argentina, together accounting for 94% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Uruguay (with a CAGR of +26.1%), while the other leaders experienced mixed trend patterns.

In value terms, Uruguay ($X) remains the key foreign market for coffee extracts, essences and concentrates exports from Argentina, comprising 81% of total exports. The second position in the ranking was held by Chile ($X), with a 6.4% share of total exports. It was followed by Paraguay, with a 4.3% share.

From 2012 to 2021, the average annual growth rate of value to Uruguay totaled +28.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-14.5% per year) and Paraguay (-23.6% per year).

Export Prices by Country

The average coffee extract export price stood at $X per ton in 2021, falling by -3.7% against the previous year. Overall, the export price recorded a perceptible decline. The pace of growth appeared the most rapid in 2017 an increase of 21%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Free Zones ($X per ton), while the average price for exports to Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Free Zones (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Coffee Extract Imports

Imports into Argentina

In 2021, approx. X tons of coffee extracts, essences and concentrates were imported into Argentina; with an increase of 15% on the year before. The total import volume increased at an average annual rate of +4.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 21% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, coffee extract imports surged to $X in 2021. Overall, imports, however, recorded a relatively flat trend pattern. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Brazil (X tons) was the main supplier of coffee extract to Argentina, with a 94% share of total imports. It was followed by Chile (X tons), with a 2.3% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Brazil totaled +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (+4.3% per year) and Spain (+12.3% per year).

In value terms, Brazil ($X) constituted the largest supplier of coffee extracts, essences and concentrates to Argentina, comprising 86% of total imports. The second position in the ranking was taken by Spain ($X), with a 3.5% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Brazil was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+2.0% per year) and Chile (+1.7% per year).

Import Prices by Country

The average coffee extract import price stood at $X per ton in 2021, picking up by 13% against the previous year. Overall, the import price, however, showed a perceptible contraction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 31% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Chile ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (-2.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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