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Coffee export market in the first 7 months of 2020

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Coffee export market in the first 7 months of 2020
26 December, 2020

Coffee export market in the first 7 months of 2020

According to preliminary statistics of the General Department of Customs, in the first 7 months of 2020, the country exported over 1.05 million tons of coffee, earning 1.79 billion USD, the average price was 1,699.9 USD / ton. , down 1.1% in volume, 1.5% in turnover and 0.4% in price over the same period in 2019.

In July alone, it reached 110,028 tons, equivalent to US $ 196.64 million, down 13.8% in volume and 9.7% in turnover compared to the previous month.

In July 2020, in general, coffee exports to most markets decreased compared to June 2020, however, there are a few markets with small turnover but increased sharply compared to the previous month such as: South Africa increased 320% in volume and 394% in turnover, reaching 420 tons, equivalent to 0.65 million USD; New Zealand increased 88% in volume and 94.5% in turnover, reaching 126 tons, equivalent to $ 0.29 million; China increased 24% in volume and 42% in turnover, reaching 3,290 tons, equivalent to 8.56 million USD.

For the first 7 months of the year, Germany is still the leading market for Vietnam's coffee consumption, with 160,504 tons, equivalent to $ 243.54 million, priced at $ 1,517.4 / ton, up 2.2% in volume. down 1.5% in turnover and 3.6% in price compared to the same period in 2019; accounting for 15.3% of the total volume and accounting for 13.6% of the total coffee export turnover of the country.

The US is the second largest market for Vietnamese coffee consumption, reaching 89,241 tons, equivalent to $ 160.36 million, priced at $ 1,797 / ton, down 8.8% in volume, down 1.3% in turnover, but up 8 , 2% in price over the same period; accounting for nearly 9% of the total volume and total turnover.

Coffee exports to the Italian market also decreased 1.7% in volume, down 4.2% in turnover and 2.6% in price, reaching 89,537 tons, equivalent to 139.7 million USD, average price 1,560 USD / ton, accounting for 8% of total volume and total turnover.

 
 

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