Thailand: Coffee Extract Market 2024

Coffee Extract Market Size in Thailand

The Thai coffee extract market reduced to $X in 2022, leveling off at the previous year. Overall, the total consumption 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, consumption decreased by X% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Coffee Extract Production in Thailand

In value terms, coffee extract production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a slight decline. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Coffee Extract Exports

Exports from Thailand

In 2022, approx. X tons of coffee extracts, essences and concentrates were exported from Thailand; leveling off at the year before. Overall, exports, however, continue to indicate a deep downturn. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, coffee extract exports rose markedly to $X in 2022. Over the period under review, exports, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Cambodia (X tons), Lao People's Democratic Republic (X tons) and Myanmar (X tons) were the main destinations of coffee extract exports from Thailand, together comprising X% of total exports. The Philippines, Australia, Hong Kong SAR, China and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for coffee extract exported from Thailand were Cambodia ($X), Lao People's Democratic Republic ($X) and Australia ($X), with a combined X% share of total exports.

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

Export Prices by Country

The average coffee extract export price stood at $X per ton in 2022, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2019 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a lower figure.

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 the United Arab Emirates ($X per ton), while the average price for exports to Myanmar ($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 China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Coffee Extract Imports

Imports into Thailand

Coffee extract imports into Thailand expanded to X tons in 2022, with an increase of X% compared with 2021. 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 pace of growth was the most pronounced in 2020 with an increase of X%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, coffee extract imports rose notably 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 2020 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest supplier of coffee extract to Thailand, with a X% share of total imports. Moreover, coffee extract imports from Malaysia exceeded the figures recorded by the second-largest supplier, Lao People's Democratic Republic (X tons), fourfold. The third position in this ranking was held by Vietnam (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Malaysia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Lao People's Democratic Republic (X% per year) and Vietnam (X% per year).

In value terms, Malaysia ($X) constituted the largest supplier of coffee extracts, essences and concentrates to Thailand, comprising X% of total imports. The second position in the ranking was taken by Vietnam ($X), with an X% share of total imports. It was followed by Lao People's Democratic Republic, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Malaysia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Lao People's Democratic Republic (X% per year).

Import Prices by Country

In 2022, the average coffee extract import price amounted to $X per ton, growing by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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 South Korea ($X per ton), while the price for Lao People's Democratic Republic ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :