Eastern Asia: Roasted Coffee Substitutes Market 2024

Roasted Coffee Substitutes Market Size in Eastern Asia

In 2023, after five years of decline, there was growth in the East Asian roasted coffee substitutes market, when its value increased by X% to $X. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2023, the growth of the market remained at a lower figure.

Roasted Coffee Substitutes Production in Eastern Asia

In value terms, roasted coffee substitutes production rose slightly to $X in 2023 estimated in export price. Over the period under review, production, however, posted a mild increase. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2023, production growth remained at a lower figure.

Roasted Coffee Substitutes Exports

Exports in Eastern Asia

After seven years of growth, overseas shipments of roasted chicory and other roasted coffee substitutes decreased by X% to X tons in 2023. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2022, and then contracted markedly in the following year.

In value terms, roasted coffee substitutes exports plummeted to $X in 2023. In general, exports, however, saw a pronounced increase. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The level of export peaked at $X in 2022, and then fell significantly in the following year.

Exports by Country

In 2023, China (X tons) and South Korea (X tons) represented the largest exporters of roasted chicory and other roasted coffee substitutes in Eastern Asia, together committing X% of total exports. It was distantly followed by Japan (X tons), achieving a X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Japan (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, South Korea ($X) emerged as the largest roasted coffee substitutes supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports.

In South Korea, roasted coffee substitutes exports expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (X% per year) and China (X% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2023, dropping by X% against the previous year. Export price indicated notable growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, roasted coffee substitutes export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2014 when the export price increased by X%. The level of export peaked at $X per ton in 2022, and then fell in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced a decline in the export price figures.

Roasted Coffee Substitutes Imports

Imports in Eastern Asia

In 2023, purchases abroad of roasted chicory and other roasted coffee substitutes decreased by X% to X tons, falling for the second year in a row after three years of growth. In general, imports showed a perceptible slump. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2023, imports failed to regain momentum.

In value terms, roasted coffee substitutes imports declined sharply to $X in 2023. Overall, imports recorded a perceptible decrease. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, South Korea (X tons) represented the main importer of roasted chicory and other roasted coffee substitutes, making up X% of total imports. China (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Japan (X%). The following importers - Taiwan (Chinese) (X tons) and Hong Kong SAR (X tons) - together made up X% of total imports.

South Korea experienced a relatively flat trend pattern with regard to volume of imports of roasted chicory and other roasted coffee substitutes. At the same time, China (X%), Taiwan (Chinese) (X%) and Hong Kong SAR (X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2023. By contrast, Japan (X%) illustrated a downward trend over the same period. South Korea (X p.p.), China (X p.p.), Taiwan (Chinese) (X p.p.) and Hong Kong SAR (X p.p.) significantly strengthened its position in terms of the total imports, while Japan saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, South Korea ($X), Japan ($X) and China ($X) appeared to be the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

Among the main importing countries, China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2023, reducing by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2022, and then plummeted in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Japan ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform