Southern Asia: Coffee Extract Market 2024

Coffee Extract Market Size in Southern Asia

In 2021, after four years of growth, there was decline in the South Asian coffee extract market, when its value decreased by -2.6% to $X. The market value increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, the market attained the maximum level at $X in 2020, and then declined modestly in the following year.

Coffee Extract Production in Southern Asia

In value terms, coffee extract production dropped slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.9% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the production volume increased by 31% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Coffee Extract Exports

Exports in Southern Asia

In 2021, shipments abroad of coffee extracts, essences and concentrates was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, coffee extract exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +1.5% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, India (X tons) was the major exporter of coffee extracts, essences and concentrates in Southern Asia, comprising 100% of total export.

India was also the fastest-growing in terms of the coffee extracts, essences and concentrates exports, with a CAGR of +2.1% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest coffee extract supplier in Southern Asia.

From 2012 to 2021, the average annual growth rate of value in India amounted to +1.5%.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, with an increase of 5.5% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 9.1%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to -0.7% per year.

Coffee Extract Imports

Imports in Southern Asia

In 2021, supplies from abroad of coffee extracts, essences and concentrates increased by 21% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports posted a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of 96% against the previous year. The volume of import peaked in 2021 and is likely to see steady growth in the near future.

In value terms, coffee extract imports skyrocketed to $X in 2021. Overall, imports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 68%. The level of import peaked in 2021 and is expected to retain growth in years to come.

Imports by Country

The countries with the highest levels of coffee extract imports in 2021 were Maldives (X tons), Bangladesh (X tons) and India (X tons), together finishing at 78% of total import. Pakistan (X tons) ranks next in terms of the total imports with a 7.8% share, followed by Sri Lanka (4.9%) and Nepal (4.8%). Afghanistan (X tons) held a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Bangladesh (with a CAGR of +24.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Bangladesh ($X) and Maldives ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 71% of total imports. These countries were followed by Pakistan, Nepal, Sri Lanka and Afghanistan, which together accounted for a further 28%.

Pakistan, with a CAGR of +24.6%, recorded the highest growth rate of the value of imports, in terms of the main importing countries 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 Southern Asia stood at $X per ton in 2021, declining by -2.4% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2020 when the import price increased by 9.9%. As a result, import price reached the peak level of $X per ton, and then declined in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+8.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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