EU roasters buy Vietnamese coffee for processing and then sell it to the UK under their own labels

Published 2022년 7월 25일

Tridge summary

In 2021, the UK imported 203,380 tons of coffee, valued at $945.56 million, with the average price per ton being $4,649. The EU continues to be the primary supplier, but Vietnam is gaining popularity, with some suppliers packaging and exporting coffee under their own labels. The UK coffee market is expected to grow to $8.81 billion by 2022, with a significant preference for quality and environmentally friendly coffee. Vietnam, a key coffee-producing country, is encouraged to take advantage of the UK-Vietnam Free Trade Agreement to increase exports by eliminating most tariffs. To succeed in the UK market, Vietnamese businesses are advised to produce high-quality Arabica coffee, invest in sustainable practices, and develop relationships with distribution corporations. The Ministry of Industry and Trade plans to support Vietnamese businesses in reaching the UK market by providing connections to British and Irish importers.

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Original content

According to data from the International Trade Center (ITC), in 2021, total coffee imports from the world market into the UK will reach 203,380 tons, worth $945.56 million. The average import price of coffee into the UK reached $4,649/ton, up 7.5% compared to 2020. Statistics show that the EU is still the largest coffee supplier to the UK market, while Asia (including Vietnam) only supplies about 90 million tons/year. However, coffee from Vietnam and a number of other suppliers has also been purchased, packaged, and exported by international roasters to the UK market with their own labels, including many brands. EU roasters. According to Statista, the UK coffee market revenue is estimated to reach $8.81 billion by 2022. The market is expected to grow 10.98% annually (CAGR 2022-2025). Thus, the UK market's revenue is currently about 1/10 of the US market ($85.16 billion). Notably, British consumers traditionally drink more instant coffee than European countries. However, the ...

Source: Danviet