India: Coffee Extract Market 2024

Coffee Extract Market Size in India

After four years of growth, the Indian coffee extract market decreased by -2.8% to $X in 2021. The market value increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Coffee Extract Production in India

In value terms, coffee extract production expanded significantly to $X in 2021 estimated in export price. In general, production recorded a mild shrinkage. The growth pace was the most rapid in 2014 with an increase of 108% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Coffee Extract Exports

Exports from India

In 2021, shipments abroad of coffee extracts, essences and concentrates was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, coffee extract exports surged to $X in 2021. The total export value increased at an average annual rate of +1.5% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X tons) was the main destination for coffee extract exports from India, with a 19% share of total exports. Moreover, coffee extract exports to Russia exceeded the volume sent to the second major destination, Poland (X tons), twofold. The United States (X tons) ranked third in terms of total exports with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia stood at -1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+15.3% per year) and the United States (+4.4% per year).

In value terms, Russia ($X), the United States ($X) and Poland ($X) were the largest markets for coffee extract exported from India worldwide, with a combined 40% share of total exports. These countries were followed by Malaysia, Turkey, Indonesia, Ukraine, Bangladesh, Nigeria, Benin, Vietnam, Italy and the United Arab Emirates, which together accounted for a further 27%.

Bangladesh, with a CAGR of +38.6%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average coffee extract export price amounted to $X per ton, picking up by 5.5% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 9% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Vietnam ($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 the United Arab Emirates (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.

Coffee Extract Imports

Imports into India

For the third year in a row, India recorded decline in overseas purchases of coffee extracts, essences and concentrates, which decreased by -3% to X tons in 2021. Overall, imports, however, posted resilient growth. The pace of growth was the most pronounced in 2014 with an increase of 97%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, coffee extract imports fell modestly to $X in 2021. In general, imports, however, showed prominent growth. The pace of growth appeared the most rapid in 2014 when imports increased by 101% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X tons), Vietnam (X tons) and Indonesia (X tons) were the main suppliers of coffee extract imports to India, with a combined 70% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +76.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest coffee extract suppliers to India were the United Arab Emirates ($X), South Korea ($X) and Vietnam ($X), with a combined 59% share of total imports.

The United Arab Emirates, with a CAGR of +64.9%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average coffee extract import price stood at $X per ton in 2021, approximately mirroring the previous year. In general, the import price, however, recorded a pronounced slump. The most prominent rate of growth was recorded in 2020 when the average import price increased by 18%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (+17.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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