Espírito Santo in Brazil sees record growth in coffee exports to the European Union

Published 2024년 8월 27일

Tridge summary

The article highlights the significant growth in coffee exports from Espírito Santo to the European Union, with a nearly eightfold increase to 2.3 million bags from January to July 2024, compared to 316.6 thousand bags in the same period of 2023. This growth made Europe the largest buyer of Espírito Santo coffee, accounting for 42.7% of the total coffee exports, up from 15.6% in 2023. The export value also saw a similar increase, rising from US$57.9 million to US$442.7 million. Belgium, Italy, and Germany were the top-buying countries, with Belgium experiencing a nearly ninefold increase in imported volume. This growth is attributed to the high quality of Espírito Santo coffee, advancements in technology, and the effects of crop failures in Vietnam and international conflicts in other producing countries. The article also emphasizes the potential opportunities for Espírito Santo producers in the competitive European market, attributing the success to the state's sustainable coffee growing program and the professionalism in the coffee chain.

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

Original content

The volume of the coffee complex, considering raw coffee beans, instant coffee and roasted/ground coffee from Espírito Santo exported to the European Union, grew almost eightfold in the year to date, going from 316.6 thousand bags exported to 2.3 million bags, that is, almost 2 million more bags, an increase of almost eightfold. Of this volume, 2.25 million bags were raw coffee beans and 59.3 thousand bags were instant coffee equivalent. In seven months, this was the largest volume exported to the European Union in the historical series, even considering the comparison with full years. In percentage terms, the European Union bloc, which represented 15.6% of the total volume of coffee exported by Espírito Santo in the first seven months of 2023, jumped to 42.7% in 2024, which demonstrates a clear expansion in European demand for coffee from Espírito Santo. The value of foreign exchange generated by coffee exports from Espírito Santo to European countries also increased almost ...

Source: NoticiasAgricolas