Malaysia: Coffee Extract Market 2024

Coffee Extract Market Size in Malaysia

The Malaysian coffee extract market skyrocketed to $X in 2021, growing by 41% against the previous year. In general, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +8.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +83.5% against 2016 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Coffee Extract Production in Malaysia

In value terms, coffee extract production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 30% against the previous year. Coffee extract production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Coffee Extract Exports

Exports from Malaysia

After two years of decline, overseas shipments of coffee extracts, essences and concentrates increased by 1.2% to X tons in 2021. Over the period under review, total exports indicated a perceptible expansion from 2012 to 2021: its volume increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -14.0% against 2018 indices. The most prominent rate of growth was recorded in 2017 with an increase of 38% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, coffee extract exports reached $X in 2021. The total export value increased at an average annual rate of +2.2% 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 2017 with an increase of 26% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Singapore (X tons), China (X tons) and Thailand (X tons) were the main destinations of coffee extract exports from Malaysia, with a combined 43% share of total exports. Vietnam, Hong Kong SAR, Kazakhstan, Japan, Taiwan (Chinese), the United States, the Philippines, Uzbekistan, the United Arab Emirates and Russia lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kazakhstan (with a CAGR of +72.8%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Thailand ($X) and Singapore ($X) constituted the largest markets for coffee extract exported from Malaysia worldwide, together accounting for 41% of total exports. Vietnam, Taiwan (Chinese), Hong Kong SAR, Japan, the Philippines, the United States, Kazakhstan, the United Arab Emirates, Uzbekistan and Russia lagged somewhat behind, together comprising a further 31%.

In terms of the main countries of destination, Kazakhstan, with a CAGR of +71.7%, saw the highest growth rate of the value of exports, 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 7.7% against the previous year. Overall, the export price, however, continues to indicate a slight shrinkage. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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 Thailand ($X per ton), while the average price for exports to Kazakhstan ($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 Uzbekistan (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.

Coffee Extract Imports

Imports into Malaysia

Coffee extract imports into Malaysia reached X tons in 2021, growing by 9.6% compared with 2020 figures. Over the period under review, total imports indicated a perceptible increase from 2012 to 2021: its volume increased at an average annual rate of +3.7% 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 decreased by -8.9% against 2018 indices. The pace of growth was the most pronounced in 2018 with an increase of 77% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, coffee extract imports soared to $X in 2021. The total import value increased at an average annual rate of +4.7% 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 2018 when imports increased by 28% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, Indonesia (X tons) constituted the largest coffee extract supplier to Malaysia, with a 48% share of total imports. Moreover, coffee extract imports from Indonesia exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), twofold. The third position in this ranking was held by India (X tons), with a 9.8% share.

From 2012 to 2021, the average annual growth rate of volume from Indonesia amounted to +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+14.6% per year) and India (-1.1% per year).

In value terms, the largest coffee extract suppliers to Malaysia were Indonesia ($X), Vietnam ($X) and India ($X), together comprising 63% of total imports. These countries were followed by Brazil, South Korea, China and Singapore, which together accounted for a further 17%.

In terms of the main suppliers, China, with a CAGR of +32.1%, recorded the highest rates of growth with regard to the value of imports, 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, rising by 10% against the previous year. Over the period under review, the import price saw a mild increase. The most prominent rate of growth was recorded in 2019 when the average import price increased by 16% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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