Updated Feb 7, 2023 15:15

Roasted Coffee Market in Taiwan (Chinese)

Market Overview
The Taiwanese roasted coffee market dropped sharply to less than $ in , with a decrease of % against 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). Over the period under review, consumption, however, recorded a prominent increase. Roasted coffee consumption peaked at $ in 2019; however, from to , consumption remained at a lower figure.

In value terms, roasted coffee production expanded markedly to $ in estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in when the production volume increased by %. Roasted coffee production peaked at $ in 2007; however, from 2008 to , production failed to regain momentum.


Consumption
In , approx. tons of roasted coffee were consumed in Taiwan (Chinese); reducing by -% on figures. Overall, consumption continues to indicate a perceptible slump. Roasted coffee consumption peaked at tons in 2018; however, from 2019 to , consumption failed to regain momentum.

The size of the roasted coffee market in Taiwan (Chinese) contracted sharply to less than $ in , reducing by % against 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, continues to indicate a strong increase. Over the period under review, the market attained the maximum level at $ in 2019; however, from to , consumption stood at a somewhat lower figure.


Consumption by Type
Roasted coffee (not decaffeinated) ( tons) constituted the product with the largest volume of consumption, accounting for % of total volume. Moreover, roasted coffee (not decaffeinated) exceeded the figures recorded for the second-largest type, roasted decaffeinated coffee ( tons), threefold.

From 2007 to , the average annual rate of growth in terms of the volume of roasted coffee (not decaffeinated) consumptions totaled +%.

In value terms, roasted coffee (not decaffeinated) ($) led the market, alone. The second position in the ranking was taken by roasted decaffeinated coffee ($).

From 2007 to , the average annual rate of growth in terms of the value of roasted coffee (not decaffeinated) markets amounted to +%.


Market Forecast
Driven by rising demand for roasted coffee in Taiwan (Chinese), the market is expected to start an upward consumption trend over the next eight years. The performance of the market is forecast to increase slightly, 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 less than $ (in nominal prices) by the end of .


Market Structure
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.