AsemconnectVietnam - According to information from the Vietnam Coffee and Cocoa Association, in June of 2024, Vietnam exported about 75,500 tonnes of coffee, the export turnover was about 351.72 million USD, down by about 46.7% in volume and the turnover decreased by about 7.4% compared to the same period last year.

Vietnam's total coffee export volume in the first 6 months of 2024 reached over 903,000 tonnes, the turnover reached nearly 3.26 billion USD, down by 10.5% in volume but the turnover increased by 36.1% over the same period last year.
Types of coffee exported in the first half of 2024
In June of 2024, Robusta was still Vietnam's main export coffee with 55,594 tonnes, reaching a turnover of about 227.85 million USD, while Arabica coffee exports reached 6,341 tonnes, with the turnover of about 10.13 million USD.
Roasted, ground and instant coffee exports reached about 10,900 tonnes, with the turnover of over 86.1 million USD.
In total, in the first 6 months of 2024, Robusta coffee was still the main exported coffee type, with nearly 768,800 tonnes, worth of over 2.53 billion USD, while Arabica coffee exports reached 38,081 tonnes, with the turnover of over 153.63 million USD, and the exports of decaffeinated green coffee reached 18,252 tonnes, turnover over 76.29 million USD.
Roasted, ground and instant coffee exports reached about 74,746 tonnes, with the turnover of over 490 million USD.
Vietnam's main coffee export markets in June of 2024
Germany led the list of Vietnam's main green coffee export markets in June of 2024 with a volume of 7,176 tonnes. Italy ranked second with 5,571 tonnes, Japan ranked third with 4,886 tonnes, Thailand ranked fourth with 3,599 tonnes, Russia ranked 5th with 3,554 tonnes, Malaysia ranked 6th with 3,339 tonnes, Philippines ranked 7th with 2,978 tonnes, Spain ranked 85th with 2,872 tonnes, China ranked 9th with 2,804 tonnes and the United States ranked 10th with 2,443 tonnes.
In total, in the first 6 months of 2024, Germany still led the list of Vietnam's main green coffee export markets with a volume of 109,514 tonnes, Italy ranked second with 86,174 tonnes, Spain ranked third with 62,787 tonnes, Japan ranked 4th with 56,084 tonnes, United States ranked 5th with 50,254 tonnes, Russia ranked 6th with 46,837 tonnes, Indonesia ranked 7th with 32,047 tonnes, Netherlands ranked 8th with 29,298 tonnes, Belgium ranked 9th with 26,163 tonnes and Algeria ranked 10th with 25,353 tonnes.
Leading businesses in coffee exports in the first 6 months of 2024
In the first 6 months of 2024, Vietnam had 10 leading enterprises in raw coffee export volume, including Vinh Hiep, Simexco Daklak, Louis Dreyfus Company Vietnam, Intimex Group, Tuan Loc Commodities, Intimex My Phuoc, Olam Viet Nam, NKG Vietnam, Sucafina Vietnam and Phuc Sinh.
Among the total number of enterprises exporting raw green coffee, FDI enterprises accounted for a market share of about 35% of the total export volume of raw coffee beans and about 34.5% of the turnover value. Meanwhile, businesses outside the Association accounted for a market share of about 22.8% in volume and about 23.0% in turnover.
However, in terms of exports of roasted and ground instant coffee in the first 6 months of 2024, the top 10 exporting enterprises in terms of turnover can be mentioned as Outspan Vietnam, Nestlé Vietnam, Ngon Coffee, Vietnam Group. Trung Nguyen, Iguacu Vietnam, URC Vietnam, Tata Vietnam, Sucafina Vietnam, ILD Coffee Vietnam and Peak Choice.
FDI enterprises accounted for a market share of about 77.2% in export turnover of roasted, ground, and soluble coffee in the first 6 months of 2024, while enterprises outside the Association accounted for a market share of about 75.6% in turnover.
Vietnam coffee export forecast in 2024
According to the Vietnam Coffee and Cocoa Association, although the amount of coffee exported in the first half of 2024 decreased sharply, in general in the first 9 months of the 2023 - 2024 crop year, Vietnam's coffee export volume was estimated to reached 25.25 million bags (equivalent to 1.52 million tonnes, an increase of nearly 7.6% over the same period last year).
The impact of climate change causes drought to occur not only in the Central Highlands (the key coffee growing region of Vietnam) but also across the globe, so the total world coffee supply has decreased sharply, pushing coffee prices to increase to the record high ever.
In Vietnam in recent years, coffee prices have been very low, only about 40,000 VND/kg, so farmers' investment in this crop was also low, many households have converted coffee growing areas to other crops that have higher economic efficiency such as durian, avocado, passion fruit, etc. This was the factor that sharply reduced harvested coffee output. In addition, some coffee growing areas are old and have not yet had time to replant, greatly affecting output.
In recent times, coffee growing areas in Vietnam have witnessed a "skyrocketing" increase in coffee prices, from 40,000 VND/kg in early 2023, to 120,000 VND in May of 2024. In June of 2024, domestic coffee prices stagnated, maintaining at 117,000 - 119,000 VND/kg. Entering July of 2024, domestic coffee prices have continued to increase and are standing around 121,000 - 122,000 VND/kg, twice higher than the same period last year.
According to industry experts, the new coffee crop will not begin to be harvested until October or November. Vietnam's coffee supply is in short supply, while speculators have begun to hoard goods, so coffee prices in the third quarter are forecast to continue to stand at a high level.
Currently, Vietnamese coffee is present in more than 70 countries and territories and Vietnam is still the second largest coffee exporter in the world. The Ministry of Agriculture and Rural Development predicts that in 2024, coffee export turnover will definitely exceed 5 billion USD, possibly even reaching 6 billion USD - the highest level in history.
CK
Source: VITIC/congthuong.vn