GCC: Coffee Extract Market 2024

Coffee Extract Market Size in GCC

The GCC coffee extract market soared to $X in 2023, with an increase of X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2014; however, from 2015 to 2023, consumption failed to regain momentum.

Coffee Extract Production in GCC

In value terms, coffee extract production amounted to $X in 2023 estimated in export price. Over the period under review, production enjoyed perceptible growth. The pace of growth was the most pronounced in 2020 with an increase of X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Coffee Extract Exports

Exports in GCC

In 2023, after two years of decline, there was significant growth in overseas shipments of coffee extracts, essences and concentrates, when their volume increased by X% to X tons. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2023, the exports remained at a lower figure.

In value terms, coffee extract exports expanded rapidly to $X in 2023. Over the period under review, exports enjoyed a significant increase. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The level of export peaked at $X in 2020; however, from 2021 to 2023, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates was the major exporting country with an export of about X tons, which finished at X% of total exports. It was distantly followed by Saudi Arabia (X tons), creating a X% share of total exports. Kuwait (X tons) followed a long way behind the leaders.

The United Arab Emirates was also the fastest-growing in terms of the coffee extracts, essences and concentrates exports, with a CAGR of X% from 2012 to 2023. At the same time, Kuwait (X%) and Saudi Arabia (X%) displayed positive paces of growth. From 2012 to 2023, the share of the United Arab Emirates increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest coffee extract supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total exports.

In the United Arab Emirates, coffee extract exports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Saudi Arabia (X% per year) and Kuwait (X% per year).

Export Prices by Country

In 2023, the export price in GCC amounted to $X per ton, dropping by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The growth pace was the most rapid in 2019 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2022, and then declined 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 the United Arab Emirates ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

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

Coffee Extract Imports

Imports in GCC

In 2023, after three years of decline, there was significant growth in purchases abroad of coffee extracts, essences and concentrates, when their volume increased by X% to X tons. Total imports indicated a measured increase from 2012 to 2023: its volume 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, imports decreased by X% against 2019 indices. The volume of import peaked at X tons in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

In value terms, coffee extract imports soared to $X in 2023. Total imports indicated a moderate increase from 2012 to 2023: its value 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, imports decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, the United Arab Emirates (X tons) represented the major importer of coffee extracts, essences and concentrates, committing X% of total imports. It was distantly followed by Saudi Arabia (X tons), Kuwait (X tons) and Qatar (X tons), together constituting a X% share of total imports. Oman (X tons) and Bahrain (X tons) held a little share of total imports.

From 2012 to 2023, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported coffee extracts, essences and concentrates in GCC, comprising X% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total imports. It was followed by Kuwait, with a X% share.

In the United Arab Emirates, coffee extract imports expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Saudi Arabia (X% per year) and Kuwait (X% per year).

Import Prices by Country

In 2023, the import price in GCC amounted to $X per ton, waning by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 an increase of X%. As a result, import price reached the peak level of $X per ton, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Qatar ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform