Vietnamese coffee market share in Belgium increased to 20.08%

Raw Common Coffee Bean

Belgium

Vietnam

Market & Price Trends

Published Mar 20, 2024

Tridge summary

Belgium's coffee imports from non-EU markets, including Brazil, Vietnam, Honduras, Colombia, and Peru, saw a significant decrease in 2023, with a 26.9% drop in volume and a 31% drop in value compared to 2022. The average import price also fell by 5.6%. However, Vietnam's market share in Belgium's total imports rose from 17.13% in 2022 to 20.08% in 2023. Furthermore, in the first two months of 2024, Vietnam's coffee exports saw a substantial increase, with a 16.4% rise in volume and a 68.0% surge in value compared to the same period in 2023, and the average export price also increased by 44.5%.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

According to congthuong.vn The Import-Export Department - Ministry of Industry and Trade cited calculated data from Eurostat as saying that in 2023, Belgium imported coffee from non-EU markets reaching 288.51 thousand tons, worth nearly 1.12 billion EUR (equivalent to 1.22 billion USD), down 26.9% in volume and 31% in value compared to 2022. In 2023, the average import price of Belgian coffee from the non-EU market will reach 3,876 EUR/ton, down 5.6% compared to 2022. In particular, the average import price of Belgian coffee from most non-EU markets decreased; The decrease from Honduras was 14.4%, to 5,172 EUR/ton; from Vietnam decreased by 2.7%, to 2,391 EUR/ton. Regarding supply structure, in 2023, Belgium imports coffee mainly from sources outside the EU, including: Brazil, Vietnam, Honduras, Colombia, Peru... In particular, Belgium imported coffee from Brazil in 2023 reaching 78.99 thousand tons, worth 273.36 million EUR (equivalent to 299.07 million USD), down 40.8% in volume ...

Source: AgroInfo.vn