Saudi Arabia: Coffee Extract Market 2024

Coffee Extract Market Size in Saudi Arabia

The Saudi coffee extract market declined dramatically to $X in 2021, reducing by -38.4% against the previous year. In general, consumption showed a noticeable contraction. Over the period under review, the market attained the peak level at $X in 2020, and then fell rapidly in the following year.

Coffee Extract Production in Saudi Arabia

In value terms, coffee extract production dropped rapidly to $X in 2021 estimated in export price. Overall, production recorded a abrupt contraction. The pace of growth appeared the most rapid in 2017 when the production volume increased by 146,585%. Coffee extract production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Coffee Extract Exports

Exports from Saudi Arabia

Coffee extract exports from Saudi Arabia rose sharply to X tons in 2021, increasing by 8.2% compared with the previous year's figure. Over the period under review, exports posted resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 150% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in the near future.

In value terms, coffee extract exports dropped to $X in 2021. In general, exports posted a remarkable increase. The most prominent rate of growth was recorded in 2020 when exports increased by 159% against the previous year. As a result, the exports attained the peak of $X, and then dropped in the following year.

Exports by Country

Jordan (X tons), Palestine (X tons) and Kuwait (X tons) were the main destinations of coffee extract exports from Saudi Arabia, with a combined 79% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Palestine (with a CAGR of +110.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for coffee extract exported from Saudi Arabia were Kuwait ($X), Jordan ($X) and Palestine ($X), together accounting for 76% of total exports.

Among the main countries of destination, Palestine, with a CAGR of +121.3%, saw 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

In 2021, the average coffee extract export price amounted to $X per ton, which is down by -17.4% against the previous year. Overall, the export price recorded a perceptible decrease. The most prominent rate of growth was recorded in 2015 an increase of 19% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the average price for exports to Turkey ($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 Iraq (+23.4%), while the prices for the other major destinations experienced more modest paces of growth.

Coffee Extract Imports

Imports into Saudi Arabia

In 2021, purchases abroad of coffee extracts, essences and concentrates decreased by -19% to X tons, falling for the second consecutive year after eight years of growth. Over the period under review, total imports indicated a moderate increase from 2012 to 2021: its volume increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -39.3% against 2019 indices. The pace of growth appeared the most rapid in 2019 when imports increased by 31%. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, coffee extract imports fell markedly to $X in 2021. In general, imports, however, recorded a tangible expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 23%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Brazil (X tons), the United Arab Emirates (X tons) and Spain (X tons) were the main suppliers of coffee extract imports to Saudi Arabia, with a combined 47% share of total imports. Malaysia, China, Yemen, the United States, the UK, Russia, Ethiopia, Thailand, India and Indonesia lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +229.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest coffee extract suppliers to Saudi Arabia were Brazil ($X), the United Arab Emirates ($X) and Spain ($X), together comprising 48% of total imports. These countries were followed by the UK, the United States, Malaysia, Yemen, China, Russia, India, Ethiopia, Indonesia and Thailand, which together accounted for a further 35%.

Russia, with a CAGR of +149.6%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average coffee extract import price amounted to $X per ton, waning by -6.4% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by 9.3%. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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 the UK ($X per ton), while the price for China ($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 UK (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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