Source: baodantoc.vn
Accordingly, in the first quarter of 2022, Vietnam’s coffee exports to Belgium reached 65.7 thousand tons, worth $135.3 million, up 446.8 percent in volume and 580% in value over the same period. in 2021. The average export price of Vietnam’s coffee to Belgium reached $2,054/ton, up 24.4% over the same period in 2021.
Belgium is Vietnam’s second largest coffee export market, accounting for 11.3% of total volume and 10.4% of total value in the first quarter of 2022. Coffee exports to the Belgian market made a strong breakthrough, which had a positive impact on the whole industry.
According to the Ministry of Agriculture and Rural Development, in the first quarter of 2022, Vietnam’s coffee exports reached 58,700 tons, with a turnover of 1.3 billion USD, an increase of more than 28% in volume and more than 60% in value. prices compared to the same period last year. The average export price of coffee increased by nearly 25% over the same period, which was the factor that helped the turnover increase sharply. This is also the highest quarterly coffee export value ever of the coffee industry. Exports of Robusta coffee to major markets have increased such as: Germany, Belgium, UK, Japan, Russia, Spain, Philippines.
In the first 2 months of 2022, Vietnam’s Robusta coffee exports to Belgium reached approximately 34.5 thousand tons, worth 65 million USD, up 466.1% in volume and 577% in value over the same period last year. In 2021. Meanwhile, the export rate of Arabica coffee increased by 544.8% in volume and 890.5% in value, but the volume reached a low level.
According to experts, with the commitment to remove tariff barriers from the EVFTA Agreement, the opportunity to expand the Vietnamese coffee market in the EU market in general and the Belgian market is very potential. In which, the product that benefits the most is processed coffee.
To quickly take advantage of opportunities from the EVFTA Agreement, Vietnamese enterprises must organize coffee production according to European standards; at the same time actively building and developing customer relationships with large distribution corporations.
The Vietnam Trade Office in Belgium also recommended that, in order for the export of agricultural products in general and coffee in particular to be promoted more strongly, localities should pay more attention to calling for export enterprises to closely associate with each other. With households and cooperatives producing production in the direction of Global GAP certification, there are specific support measures for farmers, cooperatives and businesses that register to participate in production in the direction of certification, certification fees planting area.
