New Zealand: Coffee Substitutes Market 2024

Coffee Substitutes Market Size in New Zealand

The New Zealand coffee substitutes market expanded remarkably to $X in 2022, surging by 9.2% against the previous year. Overall, consumption recorded a strong expansion. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Coffee Substitutes Production in New Zealand

In value terms, coffee substitutes production rose sharply to $X in 2022 estimated in export price. In general, production showed resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of 75% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Coffee Substitutes Exports

Exports from New Zealand

In 2022, approx. X tons of coffee substitutes containing coffee were exported from New Zealand; jumping by 62% compared with 2021 figures. In general, exports showed significant growth. The pace of growth appeared the most rapid in 2017 when exports increased by 78,477% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, coffee substitutes exports surged to $X in 2022. Overall, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2017 with an increase of 41,122%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

French Polynesia (X tons), Fiji (X tons) and the UK (X tons) were the main destinations of coffee substitutes exports from New Zealand, together accounting for 100% of total exports.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +1,554.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, French Polynesia ($X), Fiji ($X) and the UK ($X) were the largest markets for coffee substitutes exported from New Zealand worldwide, together accounting for 99% of total exports.

In terms of the main countries of destination, the UK, with a CAGR of +809.0%, recorded the highest rates of growth with regard to 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

The average coffee substitutes export price stood at $X per ton in 2022, falling by -12.3% against the previous year. In general, the export price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when the average export price increased by 108%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Fiji ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+6.3%), while the prices for the other major destinations experienced mixed trend patterns.

Coffee Substitutes Imports

Imports into New Zealand

In 2022, imports of coffee substitutes containing coffee into New Zealand fell remarkably to X tons, waning by -52.3% against the previous year's figure. Over the period under review, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 326% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, coffee substitutes imports dropped markedly to $X in 2022. Overall, imports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2020 when imports increased by 2,420%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Vietnam (X tons) constituted the largest coffee substitutes supplier to New Zealand, with a 59% share of total imports. Moreover, coffee substitutes imports from Vietnam exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. India (X kg) ranked third in terms of total imports with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Vietnam totaled +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+121.5% per year) and India (+14.6% per year).

In value terms, Vietnam ($X), Germany ($X) and India ($X) constituted the largest coffee substitutes suppliers to New Zealand, together comprising 90% of total imports.

Among the main suppliers, Germany, with a CAGR of +105.7%, saw the highest growth rate of 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

In 2022, the average coffee substitutes import price amounted to $X per ton, picking up by 29% against the previous year. Overall, the import price, however, faced a deep contraction. The pace of growth appeared the most rapid in 2020 when the average import price increased by 531% against the previous year. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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