U.S.: Coffee Substitutes Market 2024

Coffee Substitutes Market Size in the U.S.

The U.S. coffee substitutes market declined modestly to $X in 2022, approximately mirroring the previous year. Over the period under review, the total consumption indicated a temperate 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. Coffee substitutes consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Coffee Substitutes Production in the U.S.

In value terms, coffee substitutes production totaled $X in 2022. In general, the total production indicated a temperate 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 2019 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Coffee substitutes production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

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Coffee Substitutes Exports

Exports from the U.S.

In 2022, after three years of decline, there was significant growth in overseas shipments of coffee substitutes containing coffee, when their volume increased by X% to X tons. In general, exports showed temperate growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, coffee substitutes exports surged to $X in 2022. Over the period under review, exports saw a moderate expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Canada (X tons) was the main destination for coffee substitutes exports from the United States, accounting for a X% share of total exports. Moreover, coffee substitutes exports to Canada exceeded the volume sent to the second major destination, Jamaica (X tons), fourfold. Belize (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Canada totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jamaica (X% per year) and Belize (X% per year).

In value terms, Canada ($X) remains the key foreign market for coffee substitutes containing coffee exports from the United States, comprising X% of total exports. The second position in the ranking was taken by Jamaica ($X), with a X% share of total exports. It was followed by Belize, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Canada totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jamaica (X% per year) and Belize (X% per year).

Export Prices by Country

In 2022, the average coffee substitutes export price amounted to $X per ton, with an increase of X% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Belize ($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 Canada (X%), while the prices for the other major destinations experienced more modest paces of growth.

Coffee Substitutes Imports

Imports into the U.S.

In 2022, coffee substitutes imports into the United States expanded remarkably to X tons, picking up by X% on the previous year's figure. In general, imports saw a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, coffee substitutes imports contracted to $X in 2022. Over the period under review, imports enjoyed 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 declined in the following year.

Imports by Country

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

In value terms, Turkey ($X), Malaysia ($X) and Canada ($X) were the largest coffee substitutes suppliers to the United States, together accounting for X% of total imports.

Turkey, with a CAGR of X%, recorded 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, shrinking by X% against the previous year. Overall, the import price saw a pronounced downturn. The growth pace was the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Malaysia ($X per ton) 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 prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform