Updated Oct 9, 2022 15:45

Roasted Coffee Substitutes Market in Bangladesh

Market Overview
After four years of growth, the Bangladeshi roasted coffee substitutes market decreased by -% to $ in . In general, the total consumption indicated a notable expansion from 2007 to : its value increased at an average annual rate of +% over the last fourteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2016 indices. Over the period under review, the market reached the peak level at $ in , and then contracted in the following year.

In value terms, roasted coffee substitutes production contracted to $ in estimated in export price. Overall, production, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by % against the previous year. Roasted coffee substitutes production peaked at $ in , and then contracted in the following year.


Consumption
In , consumption of roasted chicory and other roasted coffee substitutes decreased by -% to tons, falling for the second consecutive year after four years of growth. Overall, consumption, however, recorded a relatively flat trend pattern. 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 Bangladesh expanded to $ 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, the total consumption indicated moderate growth from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against indices. Roasted coffee substitutes consumption peaked at $ in ; however, from to , consumption remained at a lower figure.


Market Forecast
The roasted coffee substitutes market is expected to start a downward consumption trend over the next eight years. 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
Over the period under review, imports of roasted coffee substitutes in Bangladesh 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 (less than percentage point) over the period under review.


Trade Balance
Bangladesh 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 $.