Updated Jan 22, 2023 19:15

Mate Market in China

Market Overview
In , the Chinese mate market was finally on the rise to reach $ after two years of decline. Overall, consumption saw a resilient increase. Mate consumption peaked in and is expected to retain growth in the near future.

In value terms, mate production skyrocketed to $ in estimated in export price. In general, production saw a remarkable increase. Mate production peaked at $ in ; however, from to , production stood at a somewhat lower figure.


Consumption
After two years of decline, consumption of mate increased by % to tons in . Over the period under review, consumption saw a prominent expansion. Mate consumption peaked in and is likely to see gradual growth in the near future.

The size of the mate market in China skyrocketed to $ in , picking up 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 saw resilient growth. Over the period under review, the market hit record highs in and is expected to retain growth in the near future.


Market Forecast
The mate market is expected to start a downward consumption trend over the next eight-year period. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -% for the eight-year period from to , which is projected to depress the market volume to tons by the end of .

In value terms, the market is forecast to contract 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
Affected by an intensive growth in domestic production, which will gradually displace imported products from the market, the share of imports decreased from % in 2007 to % in . China domestic supply is expected to continue its growth. Mate market in China 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
China remains a net importer of mate; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a trade deficit of tons, which was equal to $. Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.