Vietnam's Coffee Prices Drop But A Possible Wave Of Demand Might Curb Impact
17 March 2023

Vietnam is among the top coffee-producing countries in
the world. After Brazil as the top producer of coffee, Vietnam’s coffee
production ranks second-highest in the world, with a contribution to about 20%
of the global coffee market. However, the year 2023 is proving to be a tough
year for Vietnamese coffee exporters facing losses. Despite high export
volumes, falling coffee prices are contributing to the falling revenue for
Vietnamese coffee exporters.
Vietnam’s
Coffee Exports Since Pandemic
Vietnam’s coffee exports in the past four years have
been shown in Vietnam’s export data below. The data represents the export
before and after the COVID-19 pandemic that caused an unprecedented halt in the
trading activities of the countries, starting in the year 2020.
In 2019, the values stood at a total amount of exports of $309.3 billion, followed by a more demanding year, in 2020 the exports amounted to $345.3 billion, $413.2 billion in 2021, and $405.2 billion in 2022. The exports in 2022 declined following continuous growth previously.
Vietnam's Coffee
Exports In Past 4 Years |
|
Year |
Value USD Billion |
2019 |
309.31 |
2020 |
345.38 |
2021 |
413.28 |
2022 |
405.22 |
Vietnam’s
Coffee Demand Among Partners
According to Vietnam export data 2022, the countries
that demand Vietnamese coffee the most are - the USA (21.3%), Vietnam (17.6%),
China (12.2%), South Korea (7.7%), Japan (5.3%), Hong Kong (3.5%), the
Netherlands (2.1%), Germany (1.8%), Taiwan (1.7%), and Singapore (1.6%).
Vietnam's Coffee
Top Exporting Partners (2022) |
|
Country |
Value USD % |
United States Of America |
21.33 |
Vietnam |
17.63 |
China |
12.26 |
South Korea |
7.76 |
Japan |
5.38 |
Hong Kong |
3.53 |
Netherlands |
2.14 |
Germany |
1.85 |
Taiwan |
1.77 |
Singapore |
1.61 |
Vietnamese
Coffee Export Trends In 2022
Vietnamese coffee exports in 2022 is shown in trade
data below as trends to trace the current market status of Vietnamese coffee.
The prices were 22% lower than in August last year and 5.3% lower than the
figures recorded in late 2021.
Vietnam's Coffee
Export Trends 2022 |
|
Quarter |
Value USD Million |
Q1-2022 |
$1,269.46 |
Q2-2022 |
$945.33 |
Q3-2022 |
$428.02 |
Q4-2022 |
$592.78 |
The fall in prices of Vietnamese coffee is linked with
the issue of falling demand in the global economy and rising number of supplies
in the domestic market. As is observed in the above data, the exports have
increased, and it will be due to observing what the trend will be in 2023.
