Vietnam's coffee exports to Singapore scant, room to grow enormous

게시됨 2024년 5월 13일

Tridge 요약

Vietnamese coffee exports to Singapore are modest despite the latter's significant coffee imports, presenting growth opportunities. Singapore imports SGD140-150 million worth of coffee annually, with Malaysia, Indonesia, and Switzerland as top exporters. Việt Nam, the ninth largest exporter to Singapore, increased its market share from 2.22% last year to 3.64% in Q1 this year, mainly exporting roasted and ground coffee, particularly Arabica. Singapore's role as a transshipment hub could help Vietnamese coffee reach other markets. Efforts to promote Vietnamese coffee in Singapore include trade fairs and information dissemination. The Việt Nam Coffee and Cocoa Association reported exports of 956,000 tonnes worth over $3 billion in the first half of the 2023-24 coffee crop, aiming for $5 billion in exports this year.

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원본 콘텐츠

Despite its small population, Singapore's coffee imports are relatively large, but Vietnamese exports to it remain modest, leaving ample room for expansion, according to the Vietnam Trade Office in that country. Singapore’s coffee imports are worth SGD140 - 150 million (US$103.6- $110.9 million) a year, the same as Việt Nam's coffee exports to Thailand and Indonesia, it said. Last year Malaysia, Indonesia and Switzerland were its biggest exporters, accounting for nearly 50 per cent of its market share and dominating the Arabica, robusta, and roasted and ground coffee market shares. Việt Nam is only the ninth largest coffee exporter to Singapore with a share of 2.22 per cent worth SGD3.16 million ($2.3 million) last year. In the first quarter of this year its exports skyrocketed by 175.38 per cent to SGD1.46 million ($1.08 million) and a 3.64 per cent share. Việt Nam mainly exports roasted and ground coffee followed by unroasted robusta and Arabica, with the latter, despite small ...

출처: WTOCenter