Benelux: Coffee Extract Market 2024

Coffee Extract Market Size in Benelux

In 2021, the Benelux coffee extract market decreased by -24% to $X, falling for the second year in a row after three years of growth. Overall, consumption recorded a deep downturn. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Coffee Extract Production in Benelux

In value terms, coffee extract production shrank rapidly to $X in 2021 estimated in export price. Overall, production continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2013 when the production volume increased by 15% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Coffee Extract Exports

Exports in Benelux

In 2021, the amount of coffee extracts, essences and concentrates exported in Benelux expanded rapidly to X tons, with an increase of 8.4% against 2020. Total exports indicated resilient 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. Based on 2021 figures, exports increased by +31.7% against 2019 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 69%. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, coffee extract exports expanded notably to $X in 2021. The total export value increased at an average annual rate of +3.8% 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 2013 with an increase of 27%. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands represented the major exporter of coffee extracts, essences and concentrates in Benelux, with the volume of exports resulting at X tons, which was near 75% of total exports in 2021. It was distantly followed by Belgium (X tons), creating a 25% share of total exports.

The Netherlands was also the fastest-growing in terms of the coffee extracts, essences and concentrates exports, with a CAGR of +11.2% from 2012 to 2021. Belgium experienced a relatively flat trend pattern. The Netherlands (+23 p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by -22.8% from 2012 to 2021, respectively.

In value terms, the Netherlands ($X) remains the largest coffee extract supplier in Benelux, comprising 76% of total exports. The second position in the ranking was held by Belgium ($X), with a 23% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in the Netherlands totaled +8.0%.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2021, growing by 5.5% against the previous year. In general, the export price, however, continues to indicate a noticeable decrease. The pace of growth was the most pronounced in 2014 an increase of 20%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (-2.8%).

Coffee Extract Imports

Imports in Benelux

In 2021, imports of coffee extracts, essences and concentrates in Benelux surged to X tons, with an increase of 19% on 2020. Total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +6.3% 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 increased by +80.9% against 2015 indices. The pace of growth was the most pronounced in 2018 when imports increased by 36% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, coffee extract imports surged to $X in 2021. Total imports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +26.3% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the Netherlands (X tons) was the key importer of coffee extracts, essences and concentrates, achieving 74% of total imports. It was distantly followed by Belgium (X tons), creating a 24% share of total imports. Luxembourg (X tons) held a relatively small share of total imports.

The Netherlands was also the fastest-growing in terms of the coffee extracts, essences and concentrates imports, with a CAGR of +9.3% from 2012 to 2021. At the same time, Luxembourg (+2.4%) displayed positive paces of growth. Belgium experienced a relatively flat trend pattern. From 2012 to 2021, the share of the Netherlands increased by +16 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) constitutes the largest market for imported coffee extracts, essences and concentrates in Benelux, comprising 71% of total imports. The second position in the ranking was taken by Belgium ($X), with a 26% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in the Netherlands stood at +6.3%. The remaining importing countries recorded the following average annual rates of imports growth: Belgium (-1.6% per year) and Luxembourg (+1.7% per year).

Import Prices by Country

In 2021, the import price in Benelux amounted to $X per ton, surging by 10% against the previous year. In general, the import price, however, showed a pronounced downturn. The most prominent rate of growth was recorded in 2017 an increase of 11%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Luxembourg (-0.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform