ASEAN: Coffee Extract Market 2024

Coffee Extract Market Size in ASEAN

In 2021, the ASEAN coffee extract market decreased by -0.8% to $X, falling for the second consecutive year after two years of growth. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Coffee Extract Production in ASEAN

In value terms, coffee extract production declined modestly to $X in 2021 estimated in export price. The total production indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +70.4% against 2016 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 41%. Over the period under review, production attained the maximum level at $X in 2020, and then contracted modestly in the following year.

Coffee Extract Exports

Exports in ASEAN

After two years of decline, shipments abroad of coffee extracts, essences and concentrates increased by 9.4% to X tons in 2021. Total exports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by 36%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, coffee extract exports rose notably to $X in 2021. The total export value increased at an average annual rate of +4.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of 28% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in years to come.

Exports by Country

In 2021, Indonesia (X tons) represented the main exporter of coffee extracts, essences and concentrates, creating 46% of total exports. Malaysia (X tons) ranks second in terms of the total exports with a 24% share, followed by Vietnam (20%) and Thailand (5.4%). Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +24.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Malaysia ($X) and Vietnam ($X) were the countries with the highest levels of exports in 2021, together comprising 90% of total exports.

In terms of the main exporting countries, Vietnam, with a CAGR of +21.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. In general, the export price, however, showed a mild slump. The pace of growth appeared the most rapid in 2019 when the export price increased by 8.3%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+1.1%), while the other leaders experienced a decline in the export price figures.

Coffee Extract Imports

Imports in ASEAN

In 2021, purchases abroad of coffee extracts, essences and concentrates was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 39%. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, coffee extract imports rose remarkably to $X in 2021. Total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -0.1% against 2019 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 17%. The level of import peaked at $X in 2019; afterwards, it flattened through to 2021.

Imports by Country

In 2021, the Philippines (X tons) represented the key importer of coffee extracts, essences and concentrates, generating 59% of total imports. Malaysia (X tons) ranks second in terms of the total imports with an 11% share, followed by Singapore (6.6%), Indonesia (5.8%) and Thailand (5.4%). The following importers - Cambodia (X tons) and Myanmar (X tons) - together made up 7.1% of total imports.

Imports into the Philippines increased at an average annual rate of +9.0% from 2012 to 2021. At the same time, Cambodia (+30.2%), Myanmar (+20.9%), Indonesia (+6.3%), Malaysia (+3.7%), Singapore (+1.6%) and Thailand (+1.4%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in ASEAN, with a CAGR of +30.2% from 2012-2021. From 2012 to 2021, the share of the Philippines, Cambodia and Myanmar increased by +8.7, +3.1 and +2.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Philippines ($X) constitutes the largest market for imported coffee extracts, essences and concentrates in ASEAN, comprising 50% of total imports. The second position in the ranking was held by Malaysia ($X), with a 13% share of total imports. It was followed by Thailand, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the Philippines totaled +13.8%. The remaining importing countries recorded the following average annual rates of imports growth: Malaysia (+4.7% per year) and Thailand (+1.9% per year).

Import Prices by Country

In 2021, the import price in ASEAN amounted to $X per ton, with an increase of 2.9% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the import price increased by 15% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+4.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform