HANOI, Vietnam — According to a report by the Agro Processing and Market Development Authority under the Ministry of Agriculture and Rural Development (Mard), coffee exports from Vietnam in the first eight months of 2019 were estimated at 1.17 million tonnes worth nearly US$2 billion, down 11.8% in volume and 21.4% in value over the same period in 2018.
Since the beginning of the year, Germany and the US continue to be Vietnam’s two largest coffee consuming markets, with market shares of 13.7% and 9%, respectively.
In addition to falling in export volume, the average export price of coffee in the first seven months of 2019 was only $1,700 per tonne, down 11.2 per cent year-on-year.
Vietnamese coffee is currently exported to over 80 countries and territories around the world with export turnover of over $3 billion, accounting for 14 per cent of market share and 10.4 per cent of value of global coffee exports, ranked second after Brazil.
The exported product is mainly coffee beans, accounting for about 90%.
With ideal weather condition and sufficient rain, Vietnam’s coffee productivity in 2019/20 will likely be higher than in 2018/19, said a market analyst based in the Central Highlands.
However, output for the upcoming season won’t likely be higher as some farmers have replaced old coffee trees with fruit trees such as avocado and durian, he added.