Thailand: Coffee Substitutes Market 2024

Coffee Substitutes Market Size in Thailand

The Thai coffee substitutes market reduced slightly to $X in 2022, falling by X% against the previous year. Overall, the total consumption indicated a prominent 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, consumption decreased by X% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Coffee Substitutes Production in Thailand

In value terms, coffee substitutes production dropped slightly to $X in 2022 estimated in export price. In general, production posted resilient growth. The growth pace was the most rapid in 2019 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

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Coffee Substitutes Exports

Exports from Thailand

After three years of growth, overseas shipments of coffee substitutes containing coffee decreased by X% to X tons in 2022. Over the period under review, exports recorded a abrupt setback. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, coffee substitutes exports plummeted to $X in 2022. Overall, exports showed a precipitous shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) and Hong Kong SAR (X tons) were the main destinations of coffee substitutes exports from Thailand.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hong Kong SAR (with a CAGR of X%).

In value terms, China ($X) and Hong Kong SAR ($X) appeared to be the largest markets for coffee substitutes exported from Thailand worldwide.

Hong Kong SAR, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average coffee substitutes export price stood at $X per ton in 2022, waning by X% against the previous year. In general, the export price saw a perceptible setback. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2021, and then shrank rapidly in the following year.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to China stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (X%), while the prices for the other major destinations experienced a decline.

Coffee Substitutes Imports

Imports into Thailand

In 2022, after three years of growth, there was significant decline in overseas purchases of coffee substitutes containing coffee, when their volume decreased by X% to X kg. Over the period under review, imports showed a sharp setback. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, coffee substitutes imports rose modestly to $X in 2022. In general, imports recorded a significant decline. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Italy (X kg) constituted the largest coffee substitutes supplier to Thailand, with a X% share of total imports. Moreover, coffee substitutes imports from Italy exceeded the figures recorded by the second-largest supplier, Malaysia (X kg), fourfold. Kenya (X kg) 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 Italy totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and Kenya (X% per year).

In value terms, the largest coffee substitutes suppliers to Thailand were Italy ($X), Kenya ($X) and the UK ($X), together accounting for X% of total imports. Malaysia and Democratic Republic of the Congo lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

The average coffee substitutes import price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the import price enjoyed a resilient expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Kenya ($X per ton), while the price for Democratic Republic of the Congo ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform