Asia: Domestic Coffee Machine Market 2024

Domestic Coffee Machine Market Size in Asia

In 2022, the Asian domestic coffee machine market increased by X% to $X for the first time since 2018, thus ending a three-year declining trend. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Domestic Coffee Machine Production in Asia

In value terms, domestic coffee machine production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Domestic Coffee Machine Exports

Exports in Asia

After five years of growth, overseas shipments of domestic electric coffee or tea makers decreased by X% to X units in 2022. In general, exports recorded a noticeable reduction. The pace of growth was the most pronounced in 2018 when exports increased by X%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, domestic coffee machine exports totaled $X in 2022. Total exports indicated a notable 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 2018 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Exports by Country

China dominates exports structure, recording X units, which was near X% of total exports in 2022. Singapore (X units), Thailand (X units), Malaysia (X units) and Indonesia (X units) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to domestic coffee machine exports from China stood at X%. At the same time, Thailand (X%), Indonesia (X%), Singapore (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. Singapore (X p.p.), Thailand (X p.p.), Malaysia (X p.p.) and Indonesia (X p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, China ($X) remains the largest domestic coffee machine supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total exports. It was followed by Singapore, with a X% share.

From 2012 to 2022, the average annual growth rate of value in China was relatively modest. In the other countries, the average annual rates were as follows: Indonesia (X% per year) and Singapore (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, growing by X% against the previous year. In general, the export price continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2015 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

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 Indonesia ($X per unit), while China ($X per unit) was amongst the lowest.

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

Domestic Coffee Machine Imports

Imports in Asia

In 2022, after six years of growth, there was decline in purchases abroad of domestic electric coffee or tea makers, when their volume decreased by X% to X units. Over the period under review, imports, however, showed a measured increase. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X units, leveling off in the following year.

In value terms, domestic coffee machine imports reduced to $X in 2022. Overall, imports, however, showed resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then shrank slightly in the following year.

Imports by Country

Singapore (X units), South Korea (X units), the Philippines (X units), the United Arab Emirates (X units) and Japan (X units) represented roughly X% of total imports in 2022. It was distantly followed by Iraq (X units), committing a X% share of total imports. The following importers - Turkey (X units), Uzbekistan (X units), Kyrgyzstan (X units), China (X units), Hong Kong SAR (X units), India (X units) and Thailand (X units) - together made up X% of total imports.

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

In value terms, Singapore ($X), South Korea ($X) and China ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports. The United Arab Emirates, Japan, Turkey, Hong Kong SAR, Iraq, Thailand, the Philippines, India, Uzbekistan and Kyrgyzstan lagged somewhat behind, together accounting for a further X%.

Iraq, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the import price in Asia amounted to $X per unit, declining by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2017; however, from 2018 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 China ($X per unit), while Kyrgyzstan ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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