Australia sharply reduced Vietnam's coffee imports

Published 2021년 7월 1일

Tridge summary

In the first four months of 2021, Australia witnessed a notable shift in its coffee import market, with a 26.5% increase in volume and a 26.8% increase in value compared to the same period in 2020. Brazil's coffee exports to Australia saw a significant rise, reaching 9.7 thousand tons valued at $27 million, thereby increasing Brazil's market share to 27% from 23% in the previous year. Conversely, imports from Vietnam experienced a decline, dropping by 26.3% in volume and 29.8% in value, reducing Vietnam's market share to 13% from 19.02%. This change highlights the dynamics of Australia's coffee market, the world's largest, where consumption is expected to grow at an average rate of 2.19% per year from 2021 to 2026, with Australia ranking among the top 30 coffee-consuming nations. The COVID-19 pandemic has influenced consumer habits, leading to a surge in home brewing and a growing preference for instant coffee due to its convenience.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Statistics show that Australia's coffee imports from Brazil reached 9.7 thousand tons, worth $ 27 million in the first four months of 2021, up 26.5% in volume and 26.8% in value compared to that of Brazil. same period in 2020. Brazil's coffee market share in total Australian imports accounted for 27% in the first four months of 2021, up from 23% in the first four months of 2020. In contrast, Australia reduced coffee imports from Vietnam in the first 4 months of 2021, a decrease of 26.3% in volume and a decrease of 29.8% in value compared to the first 4 months of 2020, reaching 4.65 thousand tons. , worth $7.9 million. Vietnam's coffee market share in total Australian imports accounted for 13% in the first 4 months of 2021, lower than 19.02% in the first 4 months of 2020. The Australian coffee market is one of the largest in the world. It is expected that coffee consumption in Australia will reach an average growth rate of 2.19% per year in the period 2021 - 2026. In terms of per ...

Source: Vietnambiz