Thanks to UKVFTA, coffee export prices to the UK increased sharply

Published 2024년 12월 31일

Tridge summary

The Vietnamese coffee industry has seen a significant boost in the UK market, with the average export price per ton increasing by 68.4% compared to the previous year, reaching 3,941 USD. In the first half of 2024, Vietnam exported 16.54 thousand tons of coffee to the UK, valued at 65.2 million USD, marking a 29.9% increase in value despite a 22.8% decrease in output. However, the market share of Vietnamese coffee in the UK has decreased from 22.8% to 16.27% due to strong competition from Brazil, which has increased its volume and value significantly. This poses a challenge for Vietnamese exporters to maintain and increase their market share, requiring efforts to improve quality, promote their products, and expand consumption.

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

Original content

According to vietnamnet.vn According to data from the Import-Export Department (Ministry of Industry and Trade) and the General Department of Customs, the average export price of Vietnamese coffee to the UK is currently at 3,941 USD per ton, up 68.4% over the same period last year. This is an important indicator, demonstrating the remarkable growth of the Vietnamese coffee industry in the international market, especially in the UK - a large consumer market in the European region, which signed the Vietnam-UK Free Trade Agreement (UKVFTA) in December 2020. In June 2024, Vietnam's coffee exports to the UK reached 2.18 thousand tons, worth 9.1 million USD, recording an increase of 24.4% in volume and 15.1% in value compared to the previous month. However, compared to June 2023, export volume decreased significantly by 44.6% and value decreased by 17.5%. Despite the decrease in output, the increased value per ton of exported coffee offset this decrease. In the first half of 2024, ...

Source: AgroInfo.vn