Kuwait - Coffee Extracts, Essences And Concentrates - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCoffee Extract Price in Kuwait - 2021
Contents:
- Coffee Extract Price in Kuwait (CIF) - 2022
- Coffee Extract Price in Kuwait (FOB) - 2022
- Coffee Extract Imports in Kuwait
- Coffee Extract Exports in Kuwait
Coffee Extract Price in Kuwait (CIF) - 2022
The average coffee extract import price stood at $7,991 per ton in 2022, which is down by -15.8% against the previous year. In general, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 an increase of 29% against the previous year. Over the period under review, average import prices reached the peak figure at $9,492 per ton in 2021, and then declined significantly in the following year.
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 Switzerland ($49,485 per ton), while the price for Malaysia ($1,471 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 (+14.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Coffee Extract Price in Kuwait (FOB) - 2022
The average coffee extract export price stood at $4,358 per ton in 2022, picking up by 14% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible descent. The pace of growth appeared the most rapid in 2016 an increase of 28%. The export price peaked at $6,173 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($25,513 per ton), while the average price for exports to Turkey ($63 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 Iraq (+19.6%), while the prices for the other major destinations experienced a decline.
Coffee Extract Imports in Kuwait
In 2022, approx. 6.6K tons of coffee extracts, essences and concentrates were imported into Kuwait; growing by 13% on the year before. The total import volume increased at an average annual rate of +8.9% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 20% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the near future.
In value terms, coffee extract imports fell modestly to $53M in 2022. The total import value increased at an average annual rate of +9.5% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 25%.
Import of Coffee Extract in Kuwait (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Arab Emirates | 2.5 | 5.3 | 11.7 | 19.8 | 99.3% |
Switzerland | 2.4 | 6.2 | 8.9 | 5.9 | 35.0% |
Brazil | 8.7 | 4.0 | 7.1 | 5.6 | -13.7% |
Spain | 0.4 | 0.6 | 3.0 | 2.4 | 81.7% |
Malaysia | 2.8 | 2.8 | 0.9 | 2.1 | -9.1% |
United Kingdom | 8.4 | 5.5 | 5.5 | 1.8 | -40.2% |
Saudi Arabia | 2.0 | 7.5 | 2.0 | 1.7 | -5.3% |
South Korea | 3.2 | 3.9 | 3.6 | 1.6 | -20.6% |
Morocco | 1.0 | 1.8 | 2.5 | 1.5 | 14.5% |
United States | 1.6 | 1.2 | 0.9 | 0.9 | -17.5% |
Indonesia | 0.5 | 1.1 | 0.5 | 0.7 | 11.9% |
India | 1.0 | 1.1 | 0.5 | 0.7 | -11.2% |
Egypt | 1.0 | 0.2 | 0.2 | 0.1 | -53.6% |
Others | 4.6 | 9.0 | 8.1 | 7.9 | 19.8% |
Total | 40.1 | 50.0 | 55.3 | 52.7 | 9.5% |
Top Suppliers of Coffee Extract to Kuwait in 2022:
- United Arab Emirates (2741.9 tons)
- Malaysia (1406.8 tons)
- Brazil (378.5 tons)
- Spain (300.5 tons)
- Saudi Arabia (219.8 tons)
- United Kingdom (165.5 tons)
- United States (152.1 tons)
- Switzerland (119.2 tons)
- India (115.7 tons)
- Indonesia (88.1 tons)
- Morocco (68.6 tons)
- South Korea (38.8 tons)
- Egypt (16.2 tons)
Coffee Extract Exports in Kuwait
In 2022, overseas shipments of coffee extracts, essences and concentrates were finally on the rise to reach 492 tons after two years of decline. Overall, exports, however, saw a deep setback.
In value terms, coffee extract exports skyrocketed to $2.1M in 2022. In general, exports, however, saw a deep downturn.
Export of Coffee Extract in Kuwait (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Kingdom | 5.8 | N/A | N/A | 1,461 | 531.5% |
Saudi Arabia | 1,997 | 2,422 | 1,286 | 440 | -39.6% |
Iran | 643 | 55.2 | 272 | 177 | -34.9% |
Turkey | N/A | N/A | 0.2 | 1.6 | 700.0% |
Others | 324 | 167 | 83.5 | 62.6 | -42.2% |
Total | 2,970 | 2,644 | 1,641 | 2,143 | -10.3% |
Top Export Markets for Coffee Extract from Kuwait in 2022:
- Saudi Arabia (286.0 tons)
- Iran (78.6 tons)
- United Kingdom (57.3 tons)
- Turkey (25.7 tons)
This report provides an in-depth analysis of the coffee extract market in Kuwait. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10831210 - Coffee substitutes containing coffee
- Prodcom 10831240 - Extracts, essences and concentrates, of coffee, and preparations with a basis of these extracts, essences or concentrates or with a basis of coffee
Country coverage:
- Kuwait
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Kuwait
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Coffee prices remain highly volatile. In 2022, the average annual price for Arabica is forecast to decline thanks to expected production growth, while Robusta price will go up on skyrocketed demand from consumers, preferring cheaper alternatives to more expensive counterparts.
Global prices for coffee have skyrocketed to a seven-year high, driven by fears of a significant reduction in production in Brazil due to freezes and the depletion of global stocks. Further growth in prices for the product will be stimulated by the reduction in production in other leading supplying countries such as Honduras and Indonesia, coupled with increased freight costs. A decrease in coffee production will lead to a fall in global exports by -4% y-o-y, which could lead to local imbalances in supply and demand and drive up consumer prices in key European and American markets.
Coffee yield figures remained robust in 2020 and coffee bean exports increased, despite the disruption to supply chains caused by the Coronavirus restrictions. Home coffee consumption surged, thereby helping to offset the slump in sales following the closure of the HoReCa segment. Average coffee prices remained growing gradually through to Q1 2021.
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