Keyword: "coffee export"

Vietnamese coffee already compliant with EUDR requirements is being sold at a premium of around 50 USD per tonne. Once the regulation is fully enforced, opportunities for Vietnam's coffee industry will become even greater, an insider said.

Indonesia has expanded its coffee market with the shipment of 15 tonnes of Arabica coffee worth 3 billion IDR (around 180,000 USD) from the slopes of Mount Argopuro in East Java to Saudi Arabia on October 6.

Canada is a promising market for Vietnamese coffee, with exports skyrocketing 300% from 10 million USD to nearly 40 million USD since both countries joined the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

Vietnam targets increasing the exports of roasted and instant coffee and reach an export turnover to 5-6 billion USD by 2030.

Coffee export revenue is projected to reach a record 5.6 billion USD this year, driven by rising global coffee prices.

Vietnam’s coffee export revenue is estimated to reach a new record of 6 billion USD in 2024, according to the Ministry of Agriculture and Rural Development.

Vietnam’s coffee exports in the third quarter of this year will slow down because supply is no longer abundant, according to the Agency of Foreign Trade under the Ministry of Industry and Trade.

Thanks to a trend of hiking in coffee prices, experts have predicted that this year’s export revenue of this product may exceed last year’s record of 4 billion USD.

Global and domestic coffee prices are at high levels, providing opportunities for Vietnam to maintain a coffee export revenue of over 4 billion USD this year, a record set in 2022, while the global supply is narrowing down.

Vietnam was Spain's largest supplier of coffee by volume last year, with 113,550 tonnes worth 287 million USD, up 21% in volume and 79% in value against 2021.

Vietnam was Spain's largest supplier of coffee (by volume) in 2022, with 113,550 tonnes worth 269 million EUR (287 million USD), up 21.6% in volume and 78.9% in value against 2021.

Vietnamese coffee industry has made steady headway in the international competitiveness rankings with a processing capacity of 2.36 million tonnes per year, according to Deputy Minister of Agriculture and Rural Development Phung Duc Tien.

The Trade Promotion Agency under the Ministry of Industry and Trade (MoIT) and Vietnamese trade offices in Africa will jointly organise a session to give consultations to domestic businesses on exporting coffee to the African market.

Vietnam is believed to have much room for exporting coffee to Japan, whose hot coffee market is forecast to grow 4.2 percent during 2020 – 2025.

Vietnam shipped nearly 890,000 tonnes of coffee overseas for more than 2 billion USD in the first five months of 2022, up over and 54 percent year on year, respectively.

Vietnam is believed to have much room for exporting coffee to Japan, whose hot coffee market is forecast to grow 4.2 percent during 2020 - 2025, according to Cong Thuong (Industry & Trade) newspaper.

Improving coffee quality and building brands are essential for Vietnam to expand exports to the EU, according to the Ministry of Industry and Trade.

The Vietnam Coffee and Cocoa Association has targeted a coffee export turnover of 5-6 billion USD in 2030, doubling the export value at present.

The Institute of Policy and Strategy for Agriculture and Rural Development has forecast that Vietnam’s coffee export will increase in coming months on the back of growing global demand and free trade agreements.

While the demand for traditional coffee is saturated, that for specialty and organic coffee in North European region is still increasing, which is considered a good chance for Vietnamese enterprises to expand coffee export to this market.