Eastern Asia: Coffee Extract Market 2024

Coffee Extract Market Size in Eastern Asia

The East Asian coffee extract market dropped slightly to $X in 2021, shrinking by -2.1% against the previous year. The total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +2.7% against 2019 indices. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Coffee Extract Production in Eastern Asia

In value terms, coffee extract production shrank modestly to $X in 2021 estimated in export price. The total production indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +3.2% against 2019 indices. The growth pace was the most rapid in 2015 when the production volume increased by 38% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Coffee Extract Exports

Exports in Eastern Asia

In 2021, overseas shipments of coffee extracts, essences and concentrates increased by 6.5% to X tons, rising for the third year in a row after two years of decline. In general, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 45%. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, coffee extract exports rose sharply to $X in 2021. Over the period under review, exports recorded measured growth. The most prominent rate of growth was recorded in 2016 when exports increased by 46% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2021, South Korea (X tons) represented the key exporter of coffee extracts, essences and concentrates, committing 56% of total exports. It was distantly followed by Japan (X tons), China (X tons) and Hong Kong SAR (X tons), together creating a 41% share of total exports. Taiwan (Chinese) (X tons) held a little share of total exports.

South Korea experienced a relatively flat trend pattern with regard to volume of exports of coffee extracts, essences and concentrates. At the same time, Japan (+24.0%), Hong Kong SAR (+6.1%) and Taiwan (Chinese) (+1.7%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +24.0% from 2012-2021. By contrast, China (-10.7%) illustrated a downward trend over the same period. While the share of Japan (+18 p.p.), South Korea (+3.4 p.p.) and Hong Kong SAR (+2.2 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of China (-24.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest coffee extract supplying countries in Eastern Asia were South Korea ($X), Japan ($X) and China ($X), with a combined 95% share of total exports.

Japan, with a CAGR of +16.6%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, with an increase of 1.8% against the previous year. Export price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, coffee extract export price increased by +11.2% against 2019 indices. The pace of growth was the most pronounced in 2017 an increase of 30% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the export prices remained at a somewhat lower figure.

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 Japan ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+12.4%), while the other leaders experienced more modest paces of growth.

Coffee Extract Imports

Imports in Eastern Asia

For the fourth year in a row, Eastern Asia recorded growth in overseas purchases of coffee extracts, essences and concentrates, which increased by 11% to X tons in 2021. Total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +7.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -2.6% against 2016 indices. The growth pace was the most rapid in 2016 with an increase of 45%. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, coffee extract imports surged to $X in 2021. Total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.0% 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 +34.3% against 2019 indices. The pace of growth appeared the most rapid in 2016 with an increase of 35% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the near future.

Imports by Country

In 2021, China (X tons), distantly followed by Japan (X tons), Hong Kong SAR (X tons), South Korea (X tons) and Taiwan (Chinese) (X tons) were the largest importers of coffee extracts, essences and concentrates, together constituting 99% of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +17.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and South Korea ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 79% of total imports.

China, with a CAGR of +19.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, growing by 9.4% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible descent. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 Taiwan (Chinese) ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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