Updated Nov 4, 2022 21:51

Roasted Coffee Market in Taiwan (Chinese)

Market Overview
The Taiwanese roasted coffee market fell modestly to $ in , approximately equating the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded a resilient expansion. Over the period under review, the market reached the maximum level at $ in 2019; however, from to , consumption failed to regain momentum.


Consumption
In , approx. tons of roasted coffee (not decaffeinated) were consumed in Taiwan (Chinese); waning by -% on . Over the period under review, consumption, however, posted buoyant growth. Roasted coffee consumption peaked at tons in 2019; however, from to , consumption failed to regain momentum.

The value of the roasted coffee market in Taiwan (Chinese) dropped to $ in , leveling off at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw resilient growth. Roasted coffee consumption peaked at $ in 2019; however, from to , consumption remained at a lower figure.


Market Forecast
Driven by increasing demand for roasted coffee (not decaffeinated) in Taiwan (Chinese), the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Roasted coffee market in Taiwan (Chinese) consists almost entirely of imported products. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately ( percentage point) over the period under review.


Trade Balance
Taiwan (Chinese) remains a net importer of roasted coffee; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.