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Thailand - Coffee Extracts, Essences And Concentrates - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCoffee Extract Price in Thailand - 2023
Contents:
- Coffee Extract Price in Thailand (CIF) - 2023
- Coffee Extract Price in Thailand (FOB) - 2023
- Coffee Extract Imports in Thailand
- Coffee Extract Exports in Thailand
Coffee Extract Price in Thailand (CIF) - 2023
In September 2023, the average coffee extract import price amounted to $8,928 per ton, approximately reflecting the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.3%. The most prominent rate of growth was recorded in July 2023 an increase of 24% against the previous month. As a result, import price attained the peak level of $8,989 per ton. From August 2023 to September 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the UK ($13,198 per ton), while the price for Lao People's Democratic Republic ($3,525 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Coffee Extract Price in Thailand (FOB) - 2023
In September 2023, the average coffee extract export price amounted to $5,150 per ton, almost unchanged from the previous month. Over the last twelve months, it increased at an average monthly rate of +1.8%. The most prominent rate of growth was recorded in July 2023 when the average export price increased by 12% m-o-m. As a result, the export price reached the peak level of $5,317 per ton. From August 2023 to September 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In September 2023, the country with the highest price was Hong Kong SAR ($10,215 per ton), while the average price for exports to Mongolia ($2,071 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.
Coffee Extract Imports in Thailand
For the fourth year in a row, Thailand recorded growth in purchases abroad of coffee extracts, essences and concentrates, which increased by 2.3% to 16K tons in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +14.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 43%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, coffee extract imports rose notably to $133M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +18.6% 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 +67.0% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 43% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
Import of Coffee Extract in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Malaysia | 52.3 | 79.9 | 79.2 | 90.2 | 19.9% |
Vietnam | 10.8 | 9.6 | 11.5 | 15.1 | 11.8% |
Lao People's Democratic Republic | 4.0 | 4.4 | 6.6 | 8.0 | 26.0% |
Indonesia | 5.6 | 8.9 | 6.3 | 6.7 | 6.2% |
South Korea | 2.0 | 4.1 | 5.0 | 5.4 | 39.2% |
Others | 5.3 | 7.5 | 8.7 | 8.0 | 14.7% |
Total | 79.9 | 114 | 117 | 133 | 18.5% |
Top Suppliers of Coffee Extract to Thailand in 2022:
- Malaysia (9.8K tons)
- Lao People's Democratic Republic (2.4K tons)
- Vietnam (1.7K tons)
- Indonesia (1.4K tons)
- South Korea (0.4K tons)
Coffee Extract Exports in Thailand
In 2022, approx. 23K tons of coffee extracts, essences and concentrates were exported from Thailand; approximately equating the previous year. The total export volume increased at an average annual rate of +7.6% 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 2020 with an increase of 38% against the previous year. As a result, the exports reached the peak of 26K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, coffee extract exports expanded markedly to $111M in 2022. The total export value increased at an average annual rate of +6.3% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Coffee Extract in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Cambodia | 21.8 | 21.9 | 28.1 | 25.9 | 5.9% |
Lao People's Democratic Republic | 27.1 | 24.1 | 18.3 | 17.1 | -14.2% |
Australia | 0.2 | 0.2 | 8.6 | 15.3 | 324.5% |
Philippines | 14.6 | 10.1 | 7.1 | 13.5 | -2.6% |
Myanmar | 9.7 | 20.9 | 14.9 | 11.6 | 6.1% |
Hong Kong SAR | 1.2 | 1.8 | 4.7 | 6.6 | 76.5% |
China | 5.2 | 2.6 | 3.8 | 4.6 | -4.0% |
Others | 12.7 | 17.2 | 13.0 | 16.4 | 8.9% |
Total | 92.4 | 98.8 | 98.5 | 111 | 6.3% |
Top Export Markets for Coffee Extract from Thailand in 2022:
- Cambodia (5.8K tons)
- Lao People's Democratic Republic (3.9K tons)
- Myanmar (3.5K tons)
- Philippines (3.5K tons)
- Australia (2.2K tons)
- Hong Kong SAR (0.8K tons)
- China (0.6K tons)
This report provides an in-depth analysis of the coffee extract market in Thailand. 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:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- 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
-
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
This report provides an in-depth analysis of the coffee extract market in Thailand.
This report provides an in-depth analysis of the market for decaffeinated or roasted coffee in Thailand.
This report provides an in-depth analysis of the green coffee market in Thailand.
This report provides an in-depth analysis of the coffee substitutes market in Thailand.
This report provides an in-depth analysis of the unroasted decaffeinated coffee market in Thailand.
This report provides an in-depth analysis of the non-decaffeinated roasted coffee market in Thailand.
This report provides an in-depth analysis of the roasted decaffeinated coffee market in Thailand.
This report provides an in-depth analysis of the roasted coffee market in Thailand.
This report provides an in-depth analysis of the decaffeinated coffee market in Thailand.
This report provides an in-depth analysis of the global coffee extract market.
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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.