Israel: Coffee Extract Market 2024

Coffee Extract Market Size in Israel

The Israeli coffee extract market fell to $X in 2021, dropping by -7.6% against the previous year. In general, consumption saw a perceptible descent. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Coffee Extract Production in Israel

In value terms, coffee extract production dropped notably to $X in 2021 estimated in export price. Overall, production showed a abrupt decrease. The growth pace was the most rapid in 2020 when the production volume increased by 99%. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Coffee Extract Exports

Exports from Israel

In 2021, shipments abroad of coffee extracts, essences and concentrates increased by 41% to X tons, rising for the third year in a row after three years of decline. Overall, exports, however, faced a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 489% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, coffee extract exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of 436%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for coffee extract exports from Israel, with a 80% share of total exports. Moreover, coffee extract exports to the United States exceeded the volume sent to the second major destination, the UK (X tons), ninefold. Poland (X tons) ranked third in terms of total exports with a 2.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +12.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+36.7% per year) and Poland (-37.4% per year).

In value terms, the United States ($X) remains the key foreign market for coffee extracts, essences and concentrates exports from Israel, comprising 76% of total exports. The second position in the ranking was taken by the UK ($X), with a 9.7% share of total exports. It was followed by Poland, with a 3.7% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +8.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+40.0% per year) and Poland (-34.3% per year).

Export Prices by Country

In 2021, the average coffee extract export price amounted to $X per ton, shrinking by -6.2% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average export price increased by 50% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Canada ($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 Poland (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Coffee Extract Imports

Imports into Israel

Coffee extract imports into Israel rose remarkably to X tons in 2021, surging by 5.4% against 2020. In general, imports saw a strong expansion. The growth pace was the most rapid in 2014 with an increase of 58% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, coffee extract imports expanded significantly to $X in 2021. Over the period under review, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.1% 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 +19.6% against 2014 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 40% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, South Korea (X tons) constituted the largest supplier of coffee extract to Israel, accounting for a 43% share of total imports. Moreover, coffee extract imports from South Korea exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), twofold. The third position in this ranking was held by Russia (X tons), with a 19% share.

From 2012 to 2021, the average annual growth rate of volume from South Korea totaled +8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+28.8% per year) and Russia (+176.0% per year).

In value terms, South Korea ($X) constituted the largest supplier of coffee extracts, essences and concentrates to Israel, comprising 42% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 20% share of total imports. It was followed by Russia, with an 18% share.

From 2012 to 2021, the average annual growth rate of value from South Korea stood at +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+35.2% per year) and Russia (+137.1% per year).

Import Prices by Country

In 2021, the average coffee extract import price amounted to $X per ton, picking up by 3.5% against the previous year. Overall, the import price, however, showed a perceptible decline. The pace of growth appeared the most rapid in 2013 when the average import price increased by 20% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Vietnam ($X per ton) and India ($X per ton), while the price for the UK ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :