New Zealand: Coffee Extract Market 2024

Coffee Extract Market Size in New Zealand

The New Zealand coffee extract market expanded remarkably to $X in 2022, growing by X% against the previous year. Overall, the total consumption indicated a strong 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, consumption increased by X% against 2012 indices. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in years to come.

Coffee Extract Production in New Zealand

In value terms, coffee extract production rose notably to $X in 2022 estimated in export price. Over the period under review, production posted a resilient expansion. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Coffee Extract Exports

Exports from New Zealand

In 2022, exports of coffee extracts, essences and concentrates from New Zealand rose modestly to X tons, with an increase of X% on 2021 figures. In general, exports posted slight growth. The pace of growth was the most pronounced in 2013 with an increase of X%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, coffee extract exports declined modestly to $X in 2022. Over the period under review, exports showed a remarkable increase. The growth pace was the most rapid in 2013 with an increase of X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Australia (X tons) was the main destination for coffee extract exports from New Zealand, accounting for a X% share of total exports. Moreover, coffee extract exports to Australia exceeded the volume sent to the second major destination, the UK (X tons), fourfold. The third position in this ranking was taken by Fiji (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Australia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Fiji (X% per year).

In value terms, Australia ($X) remains the key foreign market for coffee extracts, essences and concentrates exports from New Zealand, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by Fiji, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Australia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Fiji (X% per year).

Export Prices by Country

In 2022, the average coffee extract export price amounted to $X per ton, which is down by X% against the previous year. In general, the export price, however, posted buoyant growth. The growth pace was the most rapid in 2020 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2021, and then contracted in the following year.

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 Australia ($X per ton), while the average price for exports to the UK ($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 Australia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Coffee Extract Imports

Imports into New Zealand

After five years of growth, supplies from abroad of coffee extracts, essences and concentrates decreased by X% to X tons in 2022. 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 in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons, and then reduced in the following year.

In value terms, coffee extract imports amounted to $X in 2022. The total import value 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 pace of growth was the most pronounced in 2018 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, Australia (X tons) constituted the largest coffee extract supplier to New Zealand, accounting for a X% share of total imports. Moreover, coffee extract imports from Australia exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. Thailand (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Australia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Thailand (X% per year).

In value terms, Australia ($X) constituted the largest supplier of coffee extracts, essences and concentrates to New Zealand, comprising X% of total imports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Australia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2022, the average coffee extract import price amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2015 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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