The Vietnam Coffee and Cocoa Association said that in June 2024, Vietnam exported over 75,500 tons of coffee, export turnover was about 351.72 million USD, volume decreased by about 46.7% and value The turnover decreased by about 7.4% compared to the same period last year.

Looking at each type of exported coffee, in June 2024, it can be seen that Robusta coffee is mainly still Robusta coffee with 55,594 tons, a turnover of about 227.85 million USD, and Arabica coffee beans exported 6,341 tons, a turnover of about 227.85 million USD. about 10.13 million USD. Roasted, ground and soluble coffee exports are about 10,900 tons (not converted into green coffee), with a turnover of over 86.1 million USD (the volume of roasted, ground and soluble coffee accounts for about 14.4% and the turnover accounts for about 24.5% of total coffee exports).

Regarding Vietnam's green coffee export market in June 2024, in addition to the quantity in bonded warehouses, Germany leads with a volume of 7,176 tons, Italy second with 5,571 tons, Japan third with 4,886 tons, Thailand 4th with 3,599 tons, Russia 5th with 3,554 tons, Malaysia 6th with 3,339 tons, Philippines 7th with 2,978 tons, Spain 85th with 2,872 tons, China 9th with 2,804 tons and the United States 10th with 2,443 tons.

Mr. Nguyen Nam Hai - Chairman of Vietnam Coffee - Cocoa Association - informed that in the first 6 months of 2024, Vietnam exported about 903,000 tons of coffee, export turnover is about 3.26 billion USD, decreased 10.5% in volume but turnover increased 36.1% over the same period last year.

Looking at each type of exported coffee, in the first 6 months of 2024, it can be seen that Robusta coffee is still mainly exported with nearly 768,800 tons, with a turnover of over 2.53 billion USD, while Arabica green coffee exports are 38,081 tons. , turnover is about 153.63 million USD, decaffeinated green coffee exported 18,252 tons, turnover is over 76.29 million USD.

Roasted, ground and soluble coffee exports are about 74,746 tons (not converted into green coffee), with a turnover of over 490 million USD (the volume of roasted, ground and soluble coffee accounts for about 8.3% and the turnover accounts for about 15%. .0% of total coffee exports).

In 6 months, the top 10 enterprises in terms of raw coffee export volume are: Vinh Hiep, Simexco Daklak, Louis Dreyfus Company Vietnam, Intimex Group, Tuan Loc Commodities, Intimex My Phuoc, Olam Vietnam, NKG Vietnam, Sucafina Vietnam and Phuc Sinh.

Among the total number of enterprises exporting raw coffee beans, FDI enterprises account 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 account for a market share of about 22.8% in volume and about 23.0% in turnover.

Also according to Mr. Nguyen Nam Hai, in terms of exporting 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, Coffee Ngon, Trung Nguyen Group, Iguacu Vietnam, URC Vietnam, Tata Vietnam, Sucafina Vietnam, ILD Coffee Vietnam and Top Choice. FDI enterprises account 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 account for a market share of about 75.6% in turnover.

Regarding Vietnam's green coffee export market in the first 6 months of 2024, in addition to the quantity in bonded warehouses, Germany leads with a volume of 109,514 tons, Italy is second with 86,174 tons, Spain is third with 62,787 tons. tons, Japan 4th with 56,084 tons, United States 5th with 50,254 tons, Russia 6th with 46,837 tons, Indonesia 7th with 32,047 tons, Netherlands 8th with 29,298 tons, Belgium 9th with 26,163 tons and Algeria 10th with 25,353 tons.

In the opposite direction, regarding Vietnam's coffee imports, in June 2024, Vietnam imported about 62,234 tons with a turnover of over 230.42 million USD, of which imported raw coffee beans over 55,000 tons, worth nearly 185.48 million USD.

It is forecasted that coffee exports will earn over 5 billion USD

The annual coffee harvest year is calculated from October of the previous year (the start of the new coffee crop) to the end of September of the following year. According to the Department of Crop Production (Ministry of Agriculture and Rural Development), the country's coffee area is more than 710 thousand hectares in the 2022 - 2023 crop year, and the harvested coffee output is nearly 1.8 million tons.

In the 2023 - 2024 crop year, the coffee growing area is 709,041 hectares, due to drought and pests in major coffee growing areas, causing coffee output to decrease by 20% compared to the previous crop year, down to 1.47 million. ton. This is the lowest level in 4 years.

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 is estimated to reached 25.25 million bags (equivalent to 1.52 million tons, an increase of nearly 7.6% over the same period last year.

Mr. Nguyen Nam Hai said that 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 coffee supply in the world is limited. The sharp decline in the world has pushed coffee prices to record highs ever.

In Vietnam in recent years, coffee prices have been very low, only about 40,000 VND/kg, so farmers' investment in this crop is also low, many households have converted coffee growing areas to cash crops. Others have higher economic efficiency such as durian, avocado, passion fruit... This is the factor that sharply reduces 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 2024. In June 2024, domestic coffee prices stagnated, maintaining at 117,000 - 119,000 VND/kg. Entering July 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 forecasts that in 2024, coffee export turnover will definitely exceed 5 billion USD, possibly even reaching 6 billion USD - the highest level in history.