Canada - Coffee Extracts, Essences And Concentrates - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCoffee Extract Price in Canada - 2023
Contents:
- Coffee Extract Price in Canada (CIF) - 2023
- Coffee Extract Price in Canada (FOB) - 2023
- Coffee Extract Imports in Canada
- Coffee Extract Exports in Canada
Coffee Extract Price in Canada (CIF) - 2023
The average coffee extract import price stood at $4,297 per ton in June 2023, remaining stable against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in September 2022 when the average import price increased by 26% month-to-month. Over the period under review, average import prices hit record highs at $5,459 per ton in March 2023; however, from April 2023 to June 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was South Korea ($19,158 per ton), while the price for the United States ($3,130 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by South Korea (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Coffee Extract Price in Canada (FOB) - 2023
The average coffee extract export price stood at $8,624 per ton in June 2023, picking up by 2.6% against the previous month. In general, the export price continues to indicate a remarkable increase. The most prominent rate of growth was recorded in October 2022 when the average export price increased by 68% m-o-m. Over the period under review, the average export prices hit record highs at $10,140 per ton in December 2022; however, from January 2023 to June 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United Arab Emirates ($11,837 per ton), while the average price for exports to Ireland ($4,068 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.
Coffee Extract Imports in Canada
In 2022, coffee extract imports into Canada skyrocketed to 45K tons, growing by 23% on 2021. The total import volume increased at an average annual rate of +11.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, coffee extract imports skyrocketed to $199M in 2022. The total import value increased at an average annual rate of +9.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Coffee Extract in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 91.3 | 93.7 | 91.3 | 113 | 7.4% |
| Brazil | 15.2 | 15.2 | 13.4 | 23.8 | 16.1% |
| South Korea | 8.1 | 12.3 | 7.8 | 10.1 | 7.6% |
| Germany | 7.5 | 8.1 | 8.2 | 6.6 | -4.2% |
| United Kingdom | 0.2 | 5.6 | 6.0 | 5.0 | 192.4% |
| Hungary | 2.7 | 3.6 | 2.5 | 2.8 | 1.2% |
| Others | 24.9 | 27.0 | 34.4 | 37.3 | 14.4% |
| Total | 150 | 165 | 164 | 199 | 9.9% |
Top Suppliers of Coffee Extract to Canada in 2022:
- United States (35.1K tons)
- Brazil (2.8K tons)
- Germany (0.9K tons)
- Hungary (0.9K tons)
- United Kingdom (0.7K tons)
- South Korea (0.7K tons)
Coffee Extract Exports in Canada
In 2022, the amount of coffee extracts, essences and concentrates exported from Canada skyrocketed to 529 tons, jumping by 24% on the year before. Over the period under review, exports, however, continue to indicate a abrupt decline.
In value terms, coffee extract exports skyrocketed to $3.5M in 2022. In general, exports, however, recorded a pronounced decline. The growth pace was the most rapid in 2020 when exports increased by 49% against the previous year. As a result, the exports reached the peak of $5.8M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Coffee Extract in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2,644 | 4,955 | 2,266 | 2,343 | -3.9% |
| United Kingdom | 117 | 149 | 204 | 367 | 46.4% |
| Italy | N/A | N/A | N/A | 182 | 0% |
| India | N/A | N/A | N/A | 135 | 0% |
| Germany | 1.0 | N/A | N/A | 103 | 368.8% |
| Saudi Arabia | 274 | 133 | 170 | 84.3 | -32.5% |
| Netherlands | 85.9 | N/A | N/A | 63.9 | -9.4% |
| United Arab Emirates | 361 | 273 | 179 | 19.7 | -62.1% |
| Philippines | 135 | 71.4 | 44.2 | 18.9 | -48.1% |
| Others | 278 | 208 | 221 | 234 | -5.6% |
| Total | 3,894 | 5,790 | 3,084 | 3,550 | -3.0% |
Top Export Markets for Coffee Extract from Canada in 2022:
- United States (231.8 tons)
- United Kingdom (83.4 tons)
- Italy (75.7 tons)
- India (35.6 tons)
- Saudi Arabia (24.1 tons)
- Netherlands (19.8 tons)
- Germany (15.3 tons)
- Philippines (4.0 tons)
- United Arab Emirates (2.7 tons)
This report provides an in-depth analysis of the coffee extract market in Canada. 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:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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The growth pace peaked in August 2023 with an 84% month-to-month increase in imports. Coffee Substitutes imports saw a significant contraction to $567K in January 2024.
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Global prices for coffee have skyrocketed to a seven-year high, driven by fears of a significant reduction in production in Brazil due to freezes and the depletion of global stocks. Further growth in prices for the product will be stimulated by the reduction in production in other leading supplying countries such as Honduras and Indonesia, coupled with increased freight costs. A decrease in coffee production will lead to a fall in global exports by -4% y-o-y, which could lead to local imbalances in supply and demand and drive up consumer prices in key European and American markets.
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