Myanmar - Coffee Extracts, Essences And Concentrates - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCoffee Extract Price in Myanmar - 2022
Contents:
- Coffee Extract Price in Myanmar (CIF) - 2022
- Coffee Extract Price in Myanmar (FOB) - 2022
- Coffee Extract Imports in Myanmar
- Coffee Extract Exports in Myanmar
Coffee Extract Price in Myanmar (CIF) - 2022
In December 2022, the average coffee extract import price amounted to $3,856 per ton, remaining stable against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.2%. The pace of growth appeared the most rapid in August 2022 when the average import price increased by 35% against the previous month. The import price peaked at $4,126 per ton in June 2022; however, from July 2022 to December 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was India ($6,184 per ton), while the price for Malaysia ($660 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by India (+1.9%), while the prices for the other major suppliers experienced a decline.
Coffee Extract Price in Myanmar (FOB) - 2022
In December 2022, the average coffee extract export price amounted to $1,556 per ton, growing by 249% against the previous month. Overall, the export price posted a remarkable increase. Over the period under review, the average export prices attained the peak figure at $2,008 per ton in July 2022; however, from August 2022 to December 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In December 2022, the country with the highest price was Thailand ($4,205 per ton), while the average price for exports to Singapore ($335 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+26.7%), while the prices for the other major destinations experienced more modest paces of growth.
Coffee Extract Imports in Myanmar
In 2022, coffee extract imports into Myanmar shrank modestly to 9.5K tons, reducing by -2.3% on 2021. In general, imports saw a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by 4.5%.
In value terms, coffee extract imports stood at $34M in 2022. Overall, imports continue to indicate a perceptible reduction.
Import of Coffee Extract in Myanmar (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Brazil | 13.5 | 9.3 | 7.4 | 11.6 | -4.9% |
Vietnam | 5.0 | 5.4 | 8.4 | 9.9 | 25.6% |
Thailand | 9.0 | 8.6 | 5.1 | 5.8 | -13.6% |
India | 1.1 | 2.2 | 1.5 | 2.6 | 33.2% |
Malaysia | 5.7 | 4.9 | 5.7 | 2.6 | -23.0% |
China | 0.5 | 0.3 | 1.5 | 0.8 | 17.0% |
Singapore | 0.1 | 0.1 | 0.1 | N/A | 0.0% |
Others | 1.7 | 2.1 | 3.3 | 0.7 | -25.6% |
Total | 36.4 | 33.0 | 33.1 | 34.0 | -2.2% |
Top Suppliers of Coffee Extract to Myanmar in 2022:
- Brazil (3.1K tons)
- Vietnam (2.5K tons)
- Thailand (1.8K tons)
- Malaysia (1.3K tons)
- India (0.5K tons)
- China (0.2K tons)
Coffee Extract Exports in Myanmar
In 2022, approx. 1.5K tons of coffee extracts, essences and concentrates were exported from Myanmar; which is down by -42.5% on 2021. Over the period under review, exports recorded a deep slump. The pace of growth was the most pronounced in 2021 with an increase of 32% against the previous year. As a result, the exports attained the peak of 2.6K tons, and then reduced notably in the following year.
In value terms, coffee extract exports fell rapidly to $1.6M in 2022. In general, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of 79% against the previous year.
Export of Coffee Extract in Myanmar (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Belgium | 161 | 248 | 786 | 594 | 54.5% |
China | 137 | 787 | 2,581 | 251 | 22.4% |
Malaysia | 392 | 392 | 354 | 236 | -15.6% |
United States | 419 | 446 | 239 | 133 | -31.8% |
Thailand | 133 | 212 | 151 | 116 | -4.5% |
Singapore | 149 | 175 | 96.6 | 95.8 | -13.7% |
India | 223 | 8.9 | 24.9 | 77.6 | -29.7% |
Australia | 86.3 | 134 | 93.9 | 17.4 | -41.4% |
Solomon Islands | 215 | 430 | 238 | N/A | 5.2% |
Others | 219 | 981 | 137 | 59.4 | -35.3% |
Total | 2,134 | 3,815 | 4,702 | 1,580 | -9.5% |
Top Export Markets for Coffee Extract from Myanmar in 2022:
- Malaysia (586.8 tons)
- India (414.5 tons)
- China (164.4 tons)
- Belgium (103.4 tons)
- United States (73.8 tons)
- Singapore (57.3 tons)
- Thailand (36.0 tons)
- Australia (9.2 tons)
This report provides an in-depth analysis of the coffee extract market in Myanmar. 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:
- Myanmar
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Myanmar
- 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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