New Zealand: Coffee Extract Market 2024

Coffee Extract Market Size in New Zealand

The New Zealand coffee extract market reduced slightly to $X in 2021, remaining constant against the previous year. The market value increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Coffee extract consumption peaked at $X in 2020, and then dropped slightly in the following year.

Coffee Extract Production in New Zealand

In value terms, coffee extract production declined significantly to $X in 2021 estimated in export price. In general, the total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +25.9% against 2018 indices. The most prominent rate of growth was recorded in 2020 with an increase of 46% against the previous year. As a result, production reached the peak level of $X, and then declined markedly in the following year.

Coffee Extract Exports

Exports from New Zealand

In 2021, approx. X tons of coffee extracts, essences and concentrates were exported from New Zealand; growing by 31% against 2020. Overall, exports posted slight growth. The most prominent rate of growth was recorded in 2013 when exports increased by 224% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, coffee extract exports skyrocketed to $X in 2021. In general, exports saw prominent growth. The pace of growth was the most pronounced in 2013 when exports increased by 335% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Australia (X tons) was the main destination for coffee extract exports from New Zealand, with a 50% share of total exports. Moreover, coffee extract exports to Australia exceeded the volume sent to the second major destination, Canada (X tons), fourfold. French Polynesia (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Australia stood at -5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+377.3% per year) and French Polynesia (+20.0% per year).

In value terms, Australia ($X) remains the key foreign market for coffee extracts, essences and concentrates exports from New Zealand, comprising 72% of total exports. The second position in the ranking was held by the United States ($X), with a 6% share of total exports. It was followed by Canada, with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Australia amounted to +9.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+79.6% per year) and Canada (+493.7% per year).

Export Prices by Country

In 2021, the average coffee extract export price amounted to $X per ton, picking up by 29% against the previous year. Overall, the export price enjoyed prominent growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 124%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to the UK ($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 Canada (+24.4%), while the prices for the other major destinations experienced mixed trend patterns.

Coffee Extract Imports

Imports into New Zealand

In 2021, overseas purchases of coffee extracts, essences and concentrates increased by 17% to X tons, rising for the fifth year in a row after two years of decline. The total import volume increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, coffee extract imports rose significantly to $X in 2021. The total import value increased at an average annual rate of +1.8% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 13% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, Australia (X tons) constituted the largest supplier of coffee extract to New Zealand, with a 60% share of total imports. Moreover, coffee extract imports from Australia exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fourfold. The third position in this ranking was taken by South Korea (X tons), with a 5.5% share.

From 2012 to 2021, the average annual growth rate of volume from Australia totaled +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+2.2% per year) and South Korea (-12.8% per year).

In value terms, Australia ($X) constituted the largest supplier of coffee extracts, essences and concentrates to New Zealand, comprising 57% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 19% share of total imports. It was followed by South Korea, with a 5.3% share.

From 2012 to 2021, the average annual growth rate of value from Australia stood at +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+1.5% per year) and South Korea (-10.8% per year).

Import Prices by Country

In 2021, the average coffee extract import price amounted to $X per ton, reducing by -8% against the previous year. Overall, the import price showed a slight curtailment. The most prominent rate of growth was recorded in 2015 when the average import price increased by 32%. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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