Spain - Coffee Extracts, Essences And Concentrates - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCoffee Extract Price in Spain - 2023
Contents:
- Coffee Extract Price in Spain (FOB) - 2023
- Coffee Extract Price in Spain (CIF) - 2023
- Coffee Extract Exports in Spain
- Coffee Extract Imports in Spain
Coffee Extract Price in Spain (FOB) - 2023
In July 2023, the average coffee extract export price amounted to $11,380 per ton, with an increase of 2.4% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +1.4%. The most prominent rate of growth was recorded in January 2023 an increase of 16% month-to-month. Over the period under review, the average export prices hit record highs at $12,122 per ton in April 2023; however, from May 2023 to July 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In July 2023, the country with the highest price was Italy ($13,335 per ton), while the average price for exports to Australia ($5,666 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.
Coffee Extract Price in Spain (CIF) - 2023
In July 2023, the average coffee extract import price amounted to $4,440 per ton, with a decrease of -7.4% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +1.6%. The growth pace was the most rapid in September 2022 when the average import price increased by 24% month-to-month. Over the period under review, average import prices attained the maximum at $5,527 per ton in February 2023; however, from March 2023 to July 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Vietnam ($9,539 per ton), while the price for Germany ($2,440 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Coffee Extract Exports in Spain
For the fourth year in a row, Spain recorded growth in shipments abroad of coffee extracts, essences and concentrates, which increased by 1.4% to 58K tons in 2022. The total export volume increased at an average annual rate of +7.3% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 11% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, coffee extract exports surged to $601M in 2022. Overall, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +14.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.5% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Coffee Extract in Spain (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Kingdom | 76.7 | 79.4 | 79.1 | 85.2 | 3.6% |
France | 40.4 | 50.4 | 54.9 | 63.7 | 16.4% |
Poland | 27.1 | 36.7 | 37.6 | 50.7 | 23.2% |
Germany | 44.9 | 42.8 | 41.3 | 48.5 | 2.6% |
Turkey | 18.1 | 14.9 | 22.6 | 46.6 | 37.1% |
Greece | 39.3 | 35.6 | 34.4 | 44.7 | 4.4% |
Hungary | 10.4 | 11.7 | 14.1 | 32.5 | 46.2% |
Czech Republic | 8.8 | 7.9 | 19.3 | 30.0 | 50.5% |
Italy | 18.1 | 22.1 | 24.3 | 24.5 | 10.6% |
Egypt | 12.7 | 12.2 | 13.1 | 20.6 | 17.5% |
Portugal | 12.6 | 12.5 | 17.4 | 18.9 | 14.5% |
South Africa | 13.9 | 16.7 | 12.8 | 16.3 | 5.5% |
United States | 13.6 | 15.0 | 12.3 | 15.1 | 3.5% |
Others | 60.2 | 80.4 | 89.3 | 104 | 20.0% |
Total | 397 | 438 | 473 | 601 | 14.8% |
Top Export Markets for Coffee Extract from Spain in 2022:
- United Kingdom (7.5K tons)
- Turkey (6.0K tons)
- France (5.7K tons)
- Greece (5.1K tons)
- Poland (4.9K tons)
- Germany (3.8K tons)
- Hungary (3.6K tons)
- Czech Republic (2.8K tons)
- Italy (2.3K tons)
- Egypt (2.2K tons)
- Portugal (2.0K tons)
- South Africa (1.7K tons)
- United States (1.1K tons)
Coffee Extract Imports in Spain
In 2022, coffee extract imports into Spain expanded notably to 20K tons, with an increase of 6.4% on 2021. The total import volume increased at an average annual rate of +7.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 38%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, coffee extract imports reached $123M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +12.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.0% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 36% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.
Import of Coffee Extract in Spain (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 6.6 | 10.2 | 35.4 | 36.6 | 77.0% |
France | 10.4 | 7.0 | 7.0 | 15.3 | 13.7% |
Vietnam | 6.2 | 15.2 | 10.4 | 15.0 | 34.2% |
Italy | 14.4 | 8.8 | 11.7 | 13.9 | -1.2% |
United Kingdom | 10.6 | 8.6 | 11.6 | 7.8 | -9.7% |
Netherlands | 6.8 | 5.3 | 6.3 | 7.6 | 3.8% |
Mexico | 8.4 | 5.2 | 4.0 | 7.6 | -3.3% |
Hungary | 1.5 | 1.1 | 0.9 | 2.8 | 23.1% |
Austria | 1.2 | 1.1 | 2.0 | 2.5 | 27.7% |
Brazil | 5.5 | 5.0 | 4.0 | 1.9 | -29.8% |
Switzerland | 5.9 | 1.9 | 1.5 | 1.6 | -35.3% |
Others | 8.8 | 9.7 | 12.9 | 10.8 | 7.1% |
Total | 86.3 | 79.1 | 108 | 123 | 12.5% |
Top Suppliers of Coffee Extract to Spain in 2022:
- Germany (6.4K tons)
- France (3.7K tons)
- Vietnam (1.6K tons)
- Italy (1.4K tons)
- Netherlands (1.0K tons)
- Austria (1.0K tons)
- United Kingdom (0.9K tons)
- Hungary (0.9K tons)
- Mexico (0.8K tons)
- Brazil (0.3K tons)
- Switzerland (0.1K tons)
This report provides an in-depth analysis of the coffee extract market in Spain. 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:
- Spain
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Spain
- 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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In May 2023, the price of Coffee Extract was $11,808 per ton (FOB, Spain), showing a decline of -2.6% compared to the previous month.
In January 2023, the price of green coffee stood at $3,162 per ton (CIF, Spain), representing a decrease of 3.7% compared to the previous month.
Imports of Coffee Substitutes surged to $428K in October 2023, showing a significant overall increase in value terms.
In January 2023, the coffee substitutes price amounted to $4,257 per ton (CIF, Spain), remaining constant against the previous month.
The imports of Decaffeinated Coffee reached their highest level in September 2023, with a value of $19M.
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