Report Update Nov 1, 2024

Venezuela - Coffee Extracts, Essences and Concentrates - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Coffee Extract Market 2024

Coffee Extract Market Size in Venezuela

The Venezuelan coffee extract market declined to $X in 2021, reducing by -6.8% against the previous year. Overall, consumption saw a noticeable shrinkage. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Coffee Extract Production in Venezuela

In value terms, coffee extract production shrank to $X in 2021 estimated in export price. In general, production showed a pronounced decline. The pace of growth was the most pronounced in 2013 with an increase of 42% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Coffee Extract Exports

Exports from Venezuela

In 2021, overseas shipments of coffee extracts, essences and concentrates decreased by -83.8% to X tons for the first time since 2013, thus ending a seven-year rising trend. Over the period under review, exports, however, posted a resilient expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 125%. As a result, the exports reached the peak of X tons, and then declined sharply in the following year.

In value terms, coffee extract exports declined remarkably to $X in 2021. Overall, exports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of 107% against the previous year. The exports peaked at $X in 2020, and then shrank significantly in the following year.

Exports by Country

Canada (X tons), Singapore (X tons) and Aruba (X kg) were the main destinations of coffee extract exports from Venezuela, with a combined 70% share 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 Singapore (with a CAGR of +83.4%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for coffee extract exported from Venezuela were Canada ($X), Singapore ($X) and Aruba ($X), with a combined 71% share of total exports.

Singapore, with a CAGR of +129.5%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average coffee extract export price amounted to $X per ton, jumping by 72% against the previous year. Overall, the export price enjoyed a prominent increase. The growth pace was the most rapid in 2013 when the average export price increased by 106%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Aruba ($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 Singapore (+25.1%), while the prices for the other major destinations experienced mixed trend patterns.

Coffee Extract Imports

Imports into Venezuela

In 2021, supplies from abroad of coffee extracts, essences and concentrates decreased by -50.5% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 342% against the previous year. As a result, imports reached the peak of X tons, and then declined remarkably in the following year.

In value terms, coffee extract imports dropped rapidly to $X in 2021. Over the period under review, imports showed a abrupt contraction. The growth pace was the most rapid in 2020 with an increase of 305% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Vietnam (X tons), Colombia (X tons) and Chile (X tons) were the main suppliers of coffee extract imports to Venezuela, with a combined 46% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +308.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X), Vietnam ($X) and Lebanon ($X) were the largest coffee extract suppliers to Venezuela, together accounting for 48% of total imports.

In terms of the main suppliers, Vietnam, with a CAGR of +320.5%, recorded 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 2021, the average coffee extract import price amounted to $X per ton, picking up by 24% against the previous year. Overall, the import price, however, continues to indicate a abrupt contraction. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 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 Mexico ($X per ton), while the price for Chile ($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 United States (+17.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for coffee extracts, essences and concentrates in the world?

The countries with the highest volumes of coffee extract consumption in 2021 were China, the United States and the Philippines, with a combined 31% share of global consumption.

What are the largest producers of coffee extracts, essences and concentrates in the world?

The countries with the highest volumes of coffee extract production in 2021 were China, the United States and Indonesia, together accounting for 32% of global production.

What are the leading suppliers of coffee extracts, essences and concentrates to Venezuela?

In value terms, Colombia constituted the largest supplier of coffee extract to Venezuela, comprising 63% of total imports. The second position in the ranking was occupied by Italy, with a 9.2% share of total imports. It was followed by Lebanon, with a 6.6% share.

What are the leading importers of coffee extracts, essences and concentrates from Venezuela?

In value terms, Aruba remains the key foreign market for coffee extract exports from Venezuela.

What is the average export price for coffee extracts, essences and concentrates in Venezuela?

In 2021, the average coffee extract export price amounted to $5,480 per ton, stabilizing at the previous year.

What is the average import price for coffee extracts, essences and concentrates in Venezuela?

The average coffee extract import price stood at $5,433 per ton in 2021, with an increase of 5.2% against the previous year.

This report provides an in-depth analysis of the coffee extract market in Venezuela. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10831210 - Coffee substitutes containing coffee
Prodcom 10831240 - Extracts, essences and concentrates, of coffee, and preparations with a basis of these extracts, essences or concentrates or with a basis of coffee

Country coverage:

Venezuela

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Venezuela
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023