Puerto Rico: Coffee Extract Market 2024

Coffee Extract Market Size in Puerto Rico

The Puerto Rican coffee extract market was estimated at less than $X in 2021, therefore, remained relatively stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a relatively flat trend pattern.

Coffee Extract Exports

Exports from Puerto Rico

In 2021, the amount of coffee extracts, essences and concentrates exported from Puerto Rico was estimated at less than X kg, remaining relatively unchanged against 2020 figures. In general, exports recorded a relatively flat trend pattern.

In value terms, coffee extract exports stood at less than $X in 2021. Overall, exports showed a relatively flat trend pattern.

Exports by Country

In 2021, Indonesia (X tons), distantly followed by Malaysia (X tons), Brazil (X tons), Vietnam (X tons), Germany (X tons) and Spain (X tons) represented the largest exporters of coffee extracts, essences and concentrates, together making up 49% of total exports. The United States (X tons), Russia (X tons), India (X tons), Poland (X tons), the UK (X tons), South Korea (X tons) and the Netherlands (X tons) held a relatively small share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Vietnam (with a CAGR of +24.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest coffee extract supplying countries from Puerto Rico were Germany ($X), Indonesia ($X) and Brazil ($X), with a combined 25% share of total exports. These countries were followed by Malaysia, Spain, Vietnam, the Netherlands, the UK, India, Poland, Russia, South Korea and the United States, which together accounted for a further 43%.

Among the main exporting countries, Vietnam, with a CAGR of +21.1%, 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 export price in Puerto Rico stood at less than $X per ton in 2021, remaining constant against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+0.8%), while the other leaders experienced a decline in the export price figures.

Coffee Extract Imports

Imports into Puerto Rico

In 2021, the amount of coffee extracts, essences and concentrates imported into Puerto Rico was estimated at less than X kg, remaining stable against 2020. Over the period under review, imports recorded a relatively flat trend pattern.

In value terms, coffee extract imports stood at less than $X in 2021. In general, imports saw a relatively flat trend pattern.

Imports by Country

In 2021, the Philippines (X tons), distantly followed by the United States (X tons), Russia (X tons) and Germany (X tons) were the largest importers of coffee extracts, essences and concentrates, together achieving 28% of total imports. The following importers - China (X tons), Canada (X tons), Poland (X tons), Malaysia (X tons), the UK (X tons), France (X tons), the Netherlands (X tons), Turkey (X tons) and Japan (X tons) - together made up 23% of total imports.

From 2012 to 2021, average annual rates of growth with regard to coffee extract imports into the Philippines stood at +9.0%. At the same time, China (+17.1%), Turkey (+13.8%), the Netherlands (+9.3%), Japan (+4.3%), the United States (+4.1%), Malaysia (+3.7%), Canada (+3.2%), Poland (+2.7%) and France (+2.5%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in the world, with a CAGR of +17.1% from 2012-2021. Germany and Russia experienced a relatively flat trend pattern. By contrast, the UK (-2.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the Philippines and China increased by +4.6 and +2.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Philippines ($X), the United States ($X) and Germany ($X) were the countries with the highest levels of imports in 2021, with a combined 19% share of total imports. These countries were followed by Russia, China, Poland, the UK, France, the Netherlands, Japan, Canada, Malaysia and Turkey, which together accounted for a further 30%.

Among the main importing countries, China, with a CAGR of +19.7%, 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 import price in Puerto Rico stood at less than $X per ton in 2021, remaining stable against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+4.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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