Vietnam remains world's second biggest coffee exporter

Vietnam's coffee has been shipped to more than 80 countries and territories, making the country the second biggest exporter in the world, with a market share of 14.2%. Vietnam exported 112,531 tonnes of coffee worth 266 million USD in August, down 4% in volume but up 13% in value, reported the General Department of Vietnam Customs.

On an eight-month calculation, Vietnam brought home 2.8 billion USD from exporting 1.2 million tonnes of coffee, up 40% in value and 11% in volume year-on-year, respectively.

Coffee is one of the six key currency earners with an annual revenue of over 3 billion USD. Its major markets are Europe, the US, Russia, Japan and the UK. In Europe, Vietnam is the second biggest coffee supplier with a market share of 16.1%, behind Brazil with 22.2%.

At present, Vietnam is home to 97 coffee bean processing plants with an annual capacity of 1.5 million tonnes, 160 coffee roasting, 8 instant coffee and 11 coffee blending facilities.

According to experts, despite its large coffee output, Vietnam only gains little from global coffee markets as the country mainly exports raw materials. To make use of its many free trade deals, the country’s coffee maker will have to up their game.

According to the International Coffee Organization, global coffee consumption is projected to grow by 3.3 per cent to 170.3 million 60-kg bags in the 2021-2022 crop year. The US Department of Agriculture predicted that global consumption is expected to rise by 1.8 million bags to 167 million, with the largest gains in the European Union, the United States, and Brazil.