Global Coffee Extract Market 2024

Coffee Extract Market Size

The global coffee extract market stood at $X in 2021, with an increase of 1.6% against the previous year. The market value increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the global market remained at a somewhat lower figure.

Coffee Extract Production

In value terms, coffee extract production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.5% 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 2019 with an increase of 32%. As a result, production reached the peak level of $X. From 2020 to 2021, global production growth remained at a lower figure.

Coffee Extract Exports

Exports

In 2021, global exports of coffee extracts, essences and concentrates rose markedly to X tons, increasing by 8.2% compared with 2020 figures. The total export volume increased at an average annual rate of +4.1% over the period 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 2016 with an increase of 9.4%. Over the period under review, the global exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, coffee extract exports stood at $X in 2021. The total export value increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Indonesia (X tons), distantly followed by Malaysia (X tons), Brazil (X tons), Vietnam (X tons), Germany (X tons) and Spain (X tons) were the key exporters of coffee extracts, essences and concentrates, together creating 49% of total exports. The United States (X tons), Russia (X tons), India (X tons), Poland (X tons), the UK (X tons), South Korea (X tons) and the Netherlands (X tons) held a relatively small share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Vietnam (with a CAGR of +24.7%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest coffee extract supplying countries worldwide were Germany ($X), Indonesia ($X) and Brazil ($X), together accounting for 25% of global exports. Malaysia, Spain, Vietnam, the Netherlands, the UK, India, Poland, Russia, South Korea and the United States lagged somewhat behind, together comprising a further 43%.

Vietnam, with a CAGR of +21.1%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average coffee extract export price stood at $X per ton in 2021, remaining constant against the previous year. Overall, the export price, however, continues to indicate a perceptible shrinkage. The pace of growth appeared the most rapid in 2017 when the average export price increased by 1.9%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+0.8%), while the other global leaders experienced a decline in the export price figures.

Coffee Extract Imports

Imports

In 2021, approx. X tons of coffee extracts, essences and concentrates were imported worldwide; surging by 3.1% compared with the previous year. The total import volume increased at an average annual rate of +4.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 with an increase of 14%. Over the period under review, global imports attained the peak figure in 2021 and are likely to see steady growth in the immediate term.

In value terms, coffee extract imports rose remarkably to $X in 2021. The total import value increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 6%. Over the period under review, global imports reached the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, the Philippines (X tons), distantly followed by the United States (X tons), Russia (X tons) and Germany (X tons) represented the key importers of coffee extracts, essences and concentrates, together comprising 28% of total imports. The following importers - China (X tons), Canada (X tons), Poland (X tons), Malaysia (X tons), the UK (X tons), France (X tons), the Netherlands (X tons), Turkey (X tons) and Japan (X tons) - together made up 23% of total imports.

Imports into the Philippines increased at an average annual rate of +9.0% from 2012 to 2021. At the same time, China (+17.1%), Turkey (+13.8%), the Netherlands (+9.3%), Japan (+4.3%), the United States (+4.1%), Malaysia (+3.7%), Canada (+3.2%), Poland (+2.7%) and France (+2.5%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in the world, with a CAGR of +17.1% from 2012-2021. Germany and Russia experienced a relatively flat trend pattern. By contrast, the UK (-2.6%) illustrated a downward trend over the same period. While the share of the Philippines (+4.6 p.p.) and China (+2.2 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of Germany (-1.8 p.p.), the UK (-2.1 p.p.) and Russia (-2.5 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 importing markets worldwide were the Philippines ($X), the United States ($X) and Germany ($X), together comprising 19% of global imports. These countries were followed by Russia, China, Poland, the UK, France, the Netherlands, Japan, Canada, Malaysia and Turkey, which together accounted for a further 30%.

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

Import Prices by Country

The average coffee extract import price stood at $X per ton in 2021, with an increase of 2.3% against the previous year. In general, the import price, however, showed a noticeable decrease. The pace of growth was the most pronounced in 2017 an increase of 2.8% against the previous year. Global import price peaked at $X per ton in 2012; however, from 2013 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 the Netherlands ($X per ton), while the Philippines ($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 Philippines (+4.4%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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