Updated Mar 2, 2023 19:23

Roasted Coffee Substitutes Market in Israel

Market Overview
The Israeli roasted coffee substitutes market rose remarkably to $ in , surging 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). Over the period under review, consumption continues to indicate a prominent expansion. Over the period under review, the market hit record highs at $ in ; however, from to , consumption remained at a lower figure.

In value terms, roasted coffee substitutes production reached $ in estimated in export price. In general, production enjoyed a resilient increase. The growth pace was the most rapid in 2008 with an increase of %. Roasted coffee substitutes production peaked at $ in ; however, from to , production failed to regain momentum.


Consumption
In , consumption of roasted chicory and other roasted coffee substitutes in Israel rose sharply to tons, increasing by % on the previous year's figure. Overall, consumption saw a prominent increase. Over the period under review, consumption hit record highs at tons in ; however, from to , consumption stood at a somewhat lower figure.

The revenue of the roasted coffee substitutes market in Israel stood at $ in , increasing 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 posted a strong expansion. Roasted coffee substitutes consumption peaked at $ in ; however, from to , consumption failed to regain momentum.


Market Forecast
Driven by increasing demand for roasted chicory and other roasted coffee substitutes in Israel, 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
Over the period under review, imports of roasted coffee substitutes in Israel were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for roasted coffee substitutes. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review. 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
Israel remains a net importer of roasted coffee substitutes; 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 $.