Brazil: Espírito Santo coffee exports to the European Union reach record growth

게시됨 2024년 8월 29일

Tridge 요약

In 2024, the Espírito Santo coffee complex saw a dramatic increase in exports to the European Union, with a nearly eightfold increase to 2.3 million bags, making it the largest export volume to the bloc in history. The European Union accounted for 42.7% of Espírito Santo's coffee exports in the same period, up from 15.6% the previous year, driven by growing demand. This surge generated a significant increase in foreign exchange earnings, with Belgium, Italy, and Germany being the main buyers. The quality improvement of Espírito Santo coffees, especially conilon, and external factors such as crop failures in Vietnam and international conflicts contributed to this growth. The growth in exports highlights the potential for further diversification and expansion within the European bloc.
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원본 콘텐츠

Exports from the Espírito Santo coffee complex to the European Union recorded extraordinary growth in 2024, with the volume exported jumping from 316.6 thousand bags to 2.3 million bags, an increase almost eight times greater than the previous year. Of this total, 2.25 million bags were raw coffee beans and 59.3 thousand bags were soluble coffee. This performance represented the largest export volume to the European bloc in the historical series, even considering comparisons with complete years. In percentage terms, the European Union's share of Espírito Santo's coffee exports jumped from 15.6% in the first seven months of 2023 to 42.7% in the same period of 2024. This increase reflects the growing European demand for coffee produced in the state. The value of foreign exchange generated by coffee exports to Europe also saw a significant jump, rising from US$57.9 million in 2023 to US$442.7 million in 2024, representing an increase of US$384.8 million. These figures demonstrate the ...

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