Portugal: Coffee Extract Market 2024

Coffee Extract Market Size in Portugal

In 2021, the Portuguese coffee extract market decreased by -11.6% to $X, falling for the eighth consecutive year after two years of growth. Overall, consumption showed a abrupt descent. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Coffee Extract Production in Portugal

In value terms, coffee extract production reduced sharply to $X in 2021 estimated in export price. Overall, production continues to indicate a sharp downturn. The most prominent rate of growth was recorded in 2017 with an increase of 4.1% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Coffee Extract Exports

Exports from Portugal

In 2021, shipments abroad of coffee extracts, essences and concentrates increased by 112% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports saw a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, coffee extract exports soared to $X in 2021. Over the period under review, exports showed a strong expansion. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Spain (X tons), Switzerland (X tons) and France (X tons) were the main destinations of coffee extract exports from Portugal, together accounting for 91% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Switzerland (with a CAGR of +121.7%), while the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) remains the key foreign market for coffee extracts, essences and concentrates exports from Portugal, comprising 59% of total exports. The second position in the ranking was taken by Switzerland ($X), with a 21% share of total exports. It was followed by France, with a 6.6% share.

From 2012 to 2021, the average annual growth rate of value to Spain stood at +33.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+98.4% per year) and France (+25.3% per year).

Export Prices by Country

The average coffee extract export price stood at $X per ton in 2021, waning by -4.9% against the previous year. Over the period under review, the export price continues to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2013 an increase of 50%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat 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 Spain ($X per ton), while the average price for exports to the United Arab Emirates ($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 Netherlands (+0.7%), while the prices for the other major destinations experienced a decline.

Coffee Extract Imports

Imports into Portugal

In 2021, coffee extract imports into Portugal skyrocketed to X tons, growing by 44% on the year before. In general, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +7.3% 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 +114.4% against 2015 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, coffee extract imports soared to $X in 2021. Overall, total imports indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +51.9% against 2019 indices. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Spain (X tons) constituted the largest coffee extract supplier to Portugal, with a 40% share of total imports. Moreover, coffee extract imports from Spain exceeded the figures recorded by the second-largest supplier, Poland (X tons), twofold. The third position in this ranking was held by Germany (X tons), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain amounted to +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+114.2% per year) and Germany (+8.6% per year).

In value terms, Spain ($X) constituted the largest supplier of coffee extracts, essences and concentrates to Portugal, comprising 44% of total imports. The second position in the ranking was held by Germany ($X), with an 18% share of total imports. It was followed by France, with a 16% share.

From 2012 to 2021, the average annual growth rate of value from Spain amounted to -2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.2% per year) and France (+12.3% per year).

Import Prices by Country

In 2021, the average coffee extract import price amounted to $X per ton, stabilizing at the previous year. In general, the import price showed a abrupt decline. The most prominent rate of growth was recorded in 2013 an increase of 1.4%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat 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 France ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :