Australia: Coffee Substitutes Market 2024

Coffee Substitutes Market Size in Australia

The Australian coffee substitutes market contracted to $X in 2022, shrinking by -6.2% against the previous year. Over the period under review, consumption saw a noticeable decline. Coffee substitutes consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Coffee Substitutes Production in Australia

In value terms, coffee substitutes production declined to $X in 2022 estimated in export price. Overall, production showed a perceptible contraction. The pace of growth appeared the most rapid in 2018 with an increase of 70%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Coffee Substitutes Exports

Exports from Australia

In 2022, the amount of coffee substitutes containing coffee exported from Australia shrank to X tons, which is down by -14.6% against 2021 figures. Overall, exports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2021 with an increase of 66% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, coffee substitutes exports skyrocketed to $X in 2022. Over the period under review, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 67%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

New Zealand (X tons) was the main destination for coffee substitutes exports from Australia, accounting for a 56% share of total exports. Moreover, coffee substitutes exports to New Zealand exceeded the volume sent to the second major destination, New Caledonia (X tons), sevenfold. The third position in this ranking was held by Singapore (X tons), with a 7.9% share.

From 2012 to 2022, the average annual growth rate of volume to New Zealand totaled -7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Caledonia (+1.3% per year) and Singapore (-18.0% per year).

In value terms, New Zealand ($X) remains the key foreign market for coffee substitutes containing coffee exports from Australia, comprising 57% of total exports. The second position in the ranking was taken by New Caledonia ($X), with a 6.7% share of total exports. It was followed by Singapore, with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to New Zealand stood at -5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Caledonia (+6.5% per year) and Singapore (-18.0% per year).

Export Prices by Country

The average coffee substitutes export price stood at $X per ton in 2022, jumping by 57% against the previous year. Overall, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, coffee substitutes export price increased by +58.1% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Fiji ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+18.3%), while the prices for the other major destinations experienced more modest paces of growth.

Coffee Substitutes Imports

Imports into Australia

In 2022, the amount of coffee substitutes containing coffee imported into Australia skyrocketed to X tons, with an increase of 17% compared with the previous year. Overall, imports, however, faced a deep contraction. The growth pace was the most rapid in 2020 when imports increased by 114% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, coffee substitutes imports amounted to $X in 2022. Over the period under review, imports, however, showed a drastic downturn. The growth pace was the most rapid in 2017 with an increase of 54%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Malaysia (X tons), Papua New Guinea (X tons) and the Philippines (X tons) were the main suppliers of coffee substitutes imports to Australia, together accounting for 52% of total imports.

From 2012 to 2022, the biggest increases were recorded for Papua New Guinea (with a CAGR of +65.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), South Korea ($X) and Italy ($X) were the largest coffee substitutes suppliers to Australia, together comprising 39% of total imports. Colombia, the Philippines, India, Papua New Guinea, Turkey, Vietnam and Brazil lagged somewhat behind, together comprising a further 40%.

Papua New Guinea, with a CAGR of +78.6%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average coffee substitutes import price amounted to $X per ton, waning by -4.5% against the previous year. Overall, the import price, however, showed buoyant growth. The most prominent rate of growth was recorded in 2021 an increase of 197%. As a result, import price attained the peak level of $X per ton, and then declined modestly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Colombia ($X per ton), while the price for Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+21.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :