In Lam Dong province, coffee today (May 13) is purchased at 32,600 VND/kg. In Dak Lak, Gia Lai, Pleiku, Kon Tum at 33,300 – 33,500 VND/kg. At the port of Ho Chi Minh City, export grade 2 robusta, 5% black broken rate settled at 1,587 USD/ton (FOB), a difference of +55 USD/ton.
According to experts, the US stock price simultaneously plunged to focus on agricultural products, but excluding coffee, because coffee investment funds liquidated long positions.
At the end of the latest trading session, the price of Robusta coffee in London delivered in July 2021 decreased by 18 USD/ton at 1,514 USD/ton, for September delivery, it decreased by 19 USD/ton at 1,538 USD/ton.
Meanwhile on the New York Stock Exchange, the price of Arabica coffee delivered in July 2021 fell 3.6 cents/lb at 146.5 cents/lb, delivered in September 2021 fell 3.55 cents/lb at 148.45 cents/lb. Experts believe that the correction of the market in the last session is necessary and predictable.
According to statistics of the General Department of Customs, coffee exports in April 2021 reached 132,111 tons, with US$246.387 million, down 22.1% in volume and 21% in turnover compared to the same period in 2020.
Cumulatively, in the first 4 months of the year, coffee exports reached 584,981 tons, worth $ 1,055 billion, down 14.3% in volume and 8.3% in value over the same period in 2020.
According to the Import-Export Department (Ministry of Industry and Trade), in the first quarter of 2021, the price of Robusta coffee in the domestic market fluctuated unevenly. At the end of January 2021, the price of Robusta coffee was at 31,500 VND/kg, then increased to 33,100 VND/kg at the end of February 2021, but decreased to 32,900 VND/kg at the end of March 2021. In April 2021, the domestic coffee price increased to the highest level of 33,700 VND/kg, up 3.7% compared to the end of March 2021.
Due to the impact of the Covid-19 pandemic, reduced consumption demand, unfavorable customs clearance activities, and the Suez Canal congestion incident in March 2021 have slowed the coffee transport process. of Vietnam to European and US markets.
In the first quarter of 2021, Vietnam’s coffee exports reached the lowest quarterly level in the period of 2019-2021.
The proportion of coffee exports to Asia accounted for 45.33% of the total export value in the first quarter of 2021, 33.11% higher than in the first quarter of 2020.
Statistics show that Vietnam’s coffee exports to the markets of Germany, Italy, Russia, Spain, Belgium and the United States decreased sharply.
The coffee industry still faces many difficulties
In 2020, despite being negatively affected by the Covid-19 pandemic, coffee imports from many major markets in the world still increased.
According to statistics from the International Trade Center (ITC), coffee imports of the following markets: EU, Canada, Korea, Russia, Australia, China increased, but coffee imports of the United States and Japan Japan, UK, Russia decreased compared to 2019.
In 2020, the EU imported coffee reached 15.25 billion USD, up 3.9% compared to 2019. In which, coffee imports from Vietnam reached 1.08 billion USD in 2020, down 10.1%. compared to 2019. Vietnam’s coffee market share accounted for 7.08% of the EU’s total import value in 2020, lower than 8.18% in 2019.
With the advantage of Vietnam being one of the reputable coffee suppliers for the EU market, together with the EVFTA Agreement, it will create favorable conditions for Vietnamese coffee enterprises to boost exports to the EU.
In which, Germany and Italy have the largest roasting industry in the EU, and Belgium is the center of coffee trade in the EU. However, exporting coffee to these markets is subject to great competition.
In the coming time, Vietnamese coffee should exploit the niche markets of Eastern Europe, especially Poland, where the number of specialty coffee shops is increasing.
It is forecasted that Vietnam’s coffee exports to the EU in the short term will face difficulties due to the complicated developments of the Covid-19 pandemic. In the long term, the EU market’s coffee import volume is very large, so the Vietnamese coffee industry still has many opportunities to exploit this potential market.
Top 10 global coffee import markets and Vietnam’s market share year 2020
In 2020, the US coffee imports reached US$ 5.68 billion, down 2.8% compared to 2019. US coffee imports from Vietnam in 2020 decreased by 1.0% compared to 2019, reaching 294 million dollars. Vietnam’s coffee market share accounted for 1.93% of the total import value of the US in 2020, much lower than 5.09% in 2019.
Unfavorable customs clearance is the main cause of the decline in US coffee imports from Vietnam. With positive developments in the vaccination against Covid-19 in the United States, customs clearance activities are more favorable, it is forecasted that Vietnam’s coffee exports to this large potential market will be positive in the near future. next time.
In 2020, Japan’s coffee imports reached 1.18 billion USD, down 5.5% compared to 2019. In which, Japan’s coffee imports from Vietnam in 2020 increased by 17.3% over the previous year. 2019, reaching 169 million USD. Vietnam’s coffee market share accounted for 14.33% of Japan’s total import value, up 2.77 percentage points from 11.56% in 2019.
In the context of a decrease in coffee exports to the EU and US markets, Vietnam’s coffee industry has well exploited Asian markets, including the Japanese market, which is expected to continue to grow. next time.
Considering the general situation, currently, the Covid-19 epidemic is still spreading in many European countries, in some Asian countries, there is a risk of becoming the epidemic center of the world. Therefore, Vietnam’s coffee exports are forecasted to still face many difficulties.
