What kind of Vietnamese coffee does China like the most?

Published 2022년 8월 18일

Tridge summary

In August 2022, Vietnam's domestic Robusta coffee market experienced price fluctuations, with a decrease in exports in July by 17.1% in volume and 17% in value compared to June 2022. Despite this, the first seven months of 2022 saw a 17.3% increase in volume and a 43.6% increase in value in coffee exports compared to the same period in 2021. The average export price of Vietnamese coffee also increased for the second consecutive month in July 2022. However, China, a key market, is reducing its coffee imports from Vietnam. Despite this, the Chinese market presents a significant opportunity for Vietnamese coffee exporters, especially in the instant coffee segment, due to rising demand in the country.

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

Original content

According to the bulletin of the Import-Export Department (Ministry of Industry and Trade), in the early days of August 2022, the price of Robusta coffee in the domestic market fluctuated strongly. During the days from August 1 to 5, 2022, the coffee price remained stable around 44,000 - 44,500 VND/kg and increased to 44,400 - 44,900 VND/kg on 6/8/2022, but soon after that plummeted 900 VND/kg on 8/8/2022, down to 43,500 - 44,000 VND/kg. Meanwhile, according to statistics from the General Department of Customs, in July 2022, Vietnam's coffee exports reached 113,850 tons, worth $261.7 million, down 17.1% in volume and 17% in value. price compared to June 2022, compared to July 2021, decreased by 6.8% in volume, but increased by 11.7% in value. In the first 7 months of 2022, Vietnam's coffee exports reached 1.13 million tons, worth 2.56 billion USD, up 17.3% in volume and 43.6% in value over the same period last year. year 2021. In July 2022, the average export price of Vietnam's ...

Source: Danviet