Coffee exports enjoy major surge to EU market

18:20 15/10/2020
Germany, the United States, and Italy continued to make up the three largest consumers of Vietnamese coffee during the first eight months of the year, with market shares making up 13.2%, 9.1%, and 8% respectively, according to figures released by the General Department of Vietnam Customs.

This comes as strong export growth was recorded in a number of markets, including Poland with a rise of 46.2%, Denmark with a boost of 32.9%, Cambodia up by 30%, and the Netherlands climbing by 28.5%.

In contrast, coffee exports to Mexico, Laos, and Hungary all endured a downward trajectory of 76%, 74.7%, and 74.2%, respectively.

According to preliminary statistics compiled by the General Department of Vietnam Customs, the nation shipped 100,188 tonnes of coffee abroad with a value of US$184.35 million in August, representing a decline of 8.9% in volume and 6.3% in turnover compared to July’s figures.

Throughout the eight-month period, the country exported over 1.15 million tonnes of coffee, earning US$1.97 billion in the process, with the average price standing at US$1,711 per tonne. This therefore represented a fall of over 2% in both volume and turnover, although marking a slight rise of 0.1% in terms of price compared to the same period from last year.

During the opening nine months of the year, coffee exports reached 1.25 million tonnes worth US$2.16 billion, an annual decrease of 1.4% in volume and 1% in turnover.

VOV