Australia and Oceania: Coffee Extract Market 2024

Coffee Extract Market Size in Australia and Oceania

The coffee extract market in Australia and Oceania shrank slightly to $X in 2021, waning by -3.9% against the previous year. Overall, consumption showed a mild contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Coffee Extract Production in Australia and Oceania

In value terms, coffee extract production reduced 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 +1.6% 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 decreased by -14.5% against 2018 indices. The growth pace was the most rapid in 2018 with an increase of 65% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Coffee Extract Exports

Exports in Australia and Oceania

After three years of decline, shipments abroad of coffee extracts, essences and concentrates increased by 73% to X tons in 2021. Total exports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, coffee extract exports surged to $X in 2021. Total exports indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +87.8% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Australia dominates exports structure, resulting at X tons, which was approx. 92% of total exports in 2021. It was distantly followed by New Zealand (X tons), constituting a 6% share of total exports.

Australia was also the fastest-growing in terms of the coffee extracts, essences and concentrates exports, with a CAGR of +7.2% from 2012 to 2021. At the same time, New Zealand (+1.3%) displayed positive paces of growth. Australia (+3.7 p.p.) significantly strengthened its position in terms of the total exports, while New Zealand saw its share reduced by -3.6% from 2012 to 2021, respectively.

In value terms, Australia ($X) remains the largest coffee extract supplier in Australia and Oceania, comprising 88% of total exports. The second position in the ranking was held by New Zealand ($X), with a 10% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Australia was relatively modest.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, rising by 7.7% against the previous year. In general, the export price, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2018 an increase of 13% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+8.9%).

Coffee Extract Imports

Imports in Australia and Oceania

In 2021, supplies from abroad of coffee extracts, essences and concentrates increased by 21% to X tons, rising for the second consecutive year after two years of decline. Overall, imports, however, continue to indicate a relatively flat trend pattern. The volume of import peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, coffee extract imports rose significantly to $X in 2021. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 13%. The level of import peaked in 2021 and is expected to retain growth in the near future.

Imports by Country

Australia was the largest importing country with an import of about X tons, which resulted at 52% of total imports. It was distantly followed by New Zealand (X tons), Guam (X tons) and Papua New Guinea (X tons), together creating a 40% share of total imports. The following importers - Solomon Islands (X tons) and Fiji (X tons) - each resulted at a 3.5% share of total imports.

Imports into Australia decreased at an average annual rate of -3.5% from 2012 to 2021. At the same time, Papua New Guinea (+12.3%), Fiji (+10.6%), New Zealand (+3.1%) and Guam (+2.9%) displayed positive paces of growth. Moreover, Papua New Guinea emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +12.3% from 2012-2021. By contrast, Solomon Islands (-4.5%) illustrated a downward trend over the same period. While the share of New Zealand (+6.5 p.p.), Papua New Guinea (+5.2 p.p.) and Guam (+2.7 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Australia (-14.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported coffee extracts, essences and concentrates in Australia and Oceania, comprising 68% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 22% share of total imports. It was followed by Papua New Guinea, with a 3.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+1.8% per year) and Papua New Guinea (-0.4% per year).

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, waning by -10.5% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by 42% against the previous year. The level of import peaked at $X per ton in 2019; however, from 2020 to 2021, 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 Australia ($X per ton), while Guam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+3.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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