Australia: Coffee Extract Market 2024

Coffee Extract Market Size in Australia

The Australian coffee extract market fell to $X in 2021, dropping by -7% against the previous year. Over the period under review, consumption continues to indicate a pronounced shrinkage. Coffee extract consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Coffee Extract Production in Australia

In value terms, coffee extract production fell to $X in 2021 estimated in export price. Over the period under review, production, however, saw a slight expansion. The pace of growth was the most pronounced in 2018 with an increase of 94%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Coffee Extract Exports

Exports from Australia

In 2021, overseas shipments of coffee extracts, essences and concentrates increased by 79% to X tons, rising for the second consecutive year after two years of decline. Overall, exports showed a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, coffee extract exports surged to $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

New Zealand (X tons) was the main destination for coffee extract exports from Australia, with a 77% share of total exports. Moreover, coffee extract exports to New Zealand exceeded the volume sent to the second major destination, Papua New Guinea (X tons), more than tenfold. The third position in this ranking was taken by New Caledonia (X tons), with a 3.5% share.

From 2012 to 2021, the average annual growth rate of volume to New Zealand stood at +11.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (-6.7% per year) and New Caledonia (+0.6% per year).

In value terms, New Zealand ($X) remains the key foreign market for coffee extracts, essences and concentrates exports from Australia, comprising 59% of total exports. The second position in the ranking was taken by China ($X), with an 11% share of total exports. It was followed by French Polynesia, with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to New Zealand amounted to +2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+36.0% per year) and French Polynesia (-6.4% per year).

Export Prices by Country

In 2021, the average coffee extract export price amounted to $X per ton, with an increase of 6.2% against the previous year. In general, the export price, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2018 an increase of 17% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to New Zealand ($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 China (+9.4%), while the prices for the other major destinations experienced a decline.

Coffee Extract Imports

Imports into Australia

In 2021, supplies from abroad of coffee extracts, essences and concentrates increased by 32% to X tons, rising for the second year in a row after two years of decline. In general, imports, however, recorded a pronounced decline. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, coffee extract imports expanded markedly to $X in 2021. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 15% against the previous year. Imports peaked in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest supplier of coffee extract to Australia, accounting for a 47% share of total imports. Moreover, coffee extract imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Thailand (X tons), sixfold. The third position in this ranking was held by Germany (X tons), with an 8.1% share.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands amounted to -3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+44.2% per year) and Germany (+10.5% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of coffee extracts, essences and concentrates to Australia, comprising 61% of total imports. The second position in the ranking was held by Germany ($X), with a 7% share of total imports. It was followed by South Korea, with a 5.4% share.

From 2012 to 2021, the average annual growth rate of value from the Netherlands amounted to +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+11.6% per year) and South Korea (-0.2% per year).

Import Prices by Country

The average coffee extract import price stood at $X per ton in 2021, which is down by -17.1% against the previous year. Overall, the import price, however, recorded a moderate expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by 81%. Over the period under review, average import prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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 Italy ($X per ton), while the price for Vietnam ($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 Netherlands (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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