Argentina: Coffee Extract Market 2024

Coffee Extract Market Size in Argentina

The Argentinian coffee extract market reduced modestly to $X in 2022, with a decrease of X% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Coffee extract consumption peaked at $X in 2021, and then declined modestly in the following year.

Coffee Extract Production in Argentina

In value terms, coffee extract production dropped modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

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Coffee Extract Exports

Exports from Argentina

In 2022, approx. X tons of coffee extracts, essences and concentrates were exported from Argentina; dropping by X% against 2021 figures. Overall, exports, however, enjoyed a temperate expansion. The pace of growth appeared the most rapid in 2016 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, coffee extract exports surged to $X in 2022. In general, total exports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2016 when exports increased by X%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Uruguay (X tons) was the main destination for coffee extract exports from Argentina, accounting for a X% share of total exports. Moreover, coffee extract exports to Uruguay exceeded the volume sent to the second major destination, Paraguay (X tons), tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Uruguay amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (X% per year) and Chile (X% per year).

In value terms, Uruguay ($X) remains the key foreign market for coffee extracts, essences and concentrates exports from Argentina, comprising X% of total exports. The second position in the ranking was taken by Paraguay ($X), with an X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Uruguay amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (X% per year) and Chile (X% per year).

Export Prices by Country

The average coffee extract export price stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price showed a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Paraguay ($X per ton), while the average price for exports to Chile ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Paraguay (X%), while the prices for the other major destinations experienced more modest paces of growth.

Coffee Extract Imports

Imports into Argentina

In 2022, after two years of growth, there was significant decline in purchases abroad of coffee extracts, essences and concentrates, when their volume decreased by X% to X tons. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2021, and then fell in the following year.

In value terms, coffee extract imports soared to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Brazil (X tons) was the main supplier of coffee extract to Argentina, accounting for a X% share of total imports. Moreover, coffee extract imports from Brazil exceeded the figures recorded by the second-largest supplier, Chile (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Brazil stood at X%.

In value terms, Brazil ($X) constituted the largest supplier of coffee extracts, essences and concentrates to Argentina, comprising X% of total imports. The second position in the ranking was taken by Chile ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Brazil amounted to X%.

Import Prices by Country

The average coffee extract import price stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for Chile amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%).

Source: IndexBox Platform

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