Portugal: Coffee Substitutes Market 2024

Coffee Substitutes Market Size in Portugal

For the third year in a row, the Portuguese coffee substitutes market recorded growth in sales value, which increased by X% to $X in 2022. In general, the total consumption indicated a modest 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 2017 indices. Over the period under review, the market attained the maximum level in 2022 and is likely to see gradual growth in years to come.

Coffee Substitutes Production in Portugal

In value terms, coffee substitutes production surged to $X in 2022 estimated in export price. In general, the total production indicated a mild expansion 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, production increased by X% against 2016 indices. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs in 2022 and is expected to retain growth in the near future.

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Coffee Substitutes Exports

Exports from Portugal

In 2022, overseas shipments of coffee substitutes containing coffee decreased by X% to X tons, falling for the fifth year in a row after three years of growth. Over the period under review, exports continue to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, coffee substitutes exports plummeted to $X in 2022. Overall, exports faced a abrupt downturn. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X tons), Luxembourg (X tons) and Canada (X tons) were the main destinations of coffee substitutes exports from Portugal, with a combined X% share of total exports. Belgium, the United States, France, Angola, the United Arab Emirates, Guinea-Bissau, Cabo Verde, Sao Tome and Principe, Mozambique and Singapore lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Canada ($X) and Angola ($X) appeared to be the largest markets for coffee substitutes exported from Portugal worldwide, together accounting for X% of total exports. The United States, Mozambique, Guinea-Bissau, Cabo Verde, Belgium, France, the United Arab Emirates, Luxembourg, Singapore and Sao Tome and Principe lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Belgium, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average coffee substitutes export price amounted to $X per ton, waning by X% against the previous year. Over the period under review, the export price continues to indicate a deep contraction. The growth pace was the most rapid in 2018 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mozambique ($X per ton), while the average price for exports to Luxembourg ($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 Spain (X%), while the prices for the other major destinations experienced mixed trend patterns.

Coffee Substitutes Imports

Imports into Portugal

In 2022, the amount of coffee substitutes containing coffee imported into Portugal declined to X tons, with a decrease of X% compared with the year before. Over the period under review, imports, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, coffee substitutes imports fell to $X in 2022. Overall, imports, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, France (X tons) constituted the largest supplier of coffee substitutes to Portugal, accounting for a X% share of total imports. Moreover, coffee substitutes imports from France exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold. Germany (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from France amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Germany (X% per year).

In value terms, the largest coffee substitutes suppliers to Portugal were France ($X), Spain ($X) and Germany ($X), with a combined X% share of total imports.

France, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average coffee substitutes import price amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

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 Spain ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform