Brazilian exports of soluble coffee grew in April

Published 2023년 5월 12일

Tridge summary

In 2023, Brazil's soluble coffee exports have seen a significant increase of 28.7% in April compared to the previous year, with revenue growing by 42%. The first four months of the year have seen a total export of 1.239 million bags, showing a slight increase of 0.8% from the same period in 2022. The United States is the primary importer of Brazilian soluble coffee. Despite a decrease in shipments to Russia and Ukraine due to the war, the industry has expanded its presence in other countries like Mexico, Finland, and Ecuador. Domestic consumption of soluble coffee in Brazil has also risen by 3.9%.

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

Original content

Brazilian exports of soluble coffee stand out in the segment in 2023. Last month, according to data from the Brazilian Association of the Soluble Coffee Industry (Abics), shipments of the product totaled the equivalent of 324,265 bags of 60 kg, an increase of 28. 7% compared to the 251,994 bags recorded in the same month last year. In revenue, the advance is 42% in the same comparison, with tickets jumping from US$ 42.3 million to the current US$ 60 million. In the first four months of this year, Brazil sent 1.239 million bags of the product abroad, a volume that implies an increase of 0.8% compared to the 1.229 million bags exported from January to the end of April 2022. US$ 229.3 million in these four months, advancing 12.3% over the US$ 204.1 million registered in the same previous period. Analyzing the data, the Director of Institutional Relations at Abics, Aguinaldo Lima, points out that soluble coffee is the only segment that has had a positive performance so far in 2023, ...

Source: Cafepoint