Asia: Coffee Extract Market 2024

Coffee Extract Market Size in Asia

The Asian coffee extract market dropped slightly to $X in 2022, with a decrease of X% against the previous year. In general, consumption, however, continues to indicate a resilient increase. The level of consumption peaked at $X in 2021, and then reduced modestly in the following year.

Coffee Extract Production in Asia

In value terms, coffee extract production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production posted a strong expansion. The pace of growth appeared the most rapid in 2019 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

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Coffee Extract Exports

Exports in Asia

In 2022, approx. X tons of coffee extracts, essences and concentrates were exported in Asia; increasing by X% against 2021 figures. Total exports indicated a buoyant increase from 2012 to 2022: its volume 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 2020 indices. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, coffee extract exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Indonesia (X tons), distantly followed by Vietnam (X tons), Malaysia (X tons), India (X tons), Timor-Leste (X tons), the United Arab Emirates (X tons) and South Korea (X tons) were the largest exporters of coffee extracts, essences and concentrates, together committing X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Timor-Leste (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest coffee extract supplying countries in Asia were Indonesia ($X), Vietnam ($X) and Malaysia ($X), with a combined X% share of total exports. India, South Korea, the United Arab Emirates and Timor-Leste lagged somewhat behind, together accounting for a further X%.

The United Arab Emirates, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, growing by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while Timor-Leste ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Coffee Extract Imports

Imports in Asia

Coffee extract imports dropped to X tons in 2022, with a decrease of X% compared with the year before. Overall, imports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then reduced in the following year.

In value terms, coffee extract imports rose sharply to $X in 2022. Total imports indicated buoyant growth 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

Imports by Country

The Philippines was the largest importer of coffee extracts, essences and concentrates in Asia, with the volume of imports resulting at X tons, which was near X% of total imports in 2022. China (X tons) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Hong Kong SAR (X%), Malaysia (X%), the United Arab Emirates (X%) and Japan (X%). Turkey (X tons), Indonesia (X tons), Thailand (X tons), Singapore (X tons), Kuwait (X tons), Iraq (X tons) and South Korea (X tons) took a minor share of total imports.

Imports into the Philippines increased at an average annual rate of X% from 2012 to 2022. At the same time, Iraq (X%), Kuwait (X%), China (X%), Hong Kong SAR (X%), the United Arab Emirates (X%), Turkey (X%), Indonesia (X%), Japan (X%), Malaysia (X%), South Korea (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. Singapore experienced a relatively flat trend pattern. From 2012 to 2022, the share of China, Hong Kong SAR, Kuwait, the United Arab Emirates and Iraq increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Philippines ($X), China ($X) and Japan ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

China, with a CAGR of X%, saw the highest growth rate of the value of imports, among 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 Asia stood at $X per ton in 2022, picking up by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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