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Exports from Vietnam likely to fall by 14 percent on year in 2019, says Gso

Vietnam

MILAN – Exports and domestic trade in Vietnam slowed down this week due to year-end holidays and lower prices discouraging farmers from selling their beans. According to sources, coffee growers in Central Highlands, Vietnam’s largest coffee-growing area, sold coffee at 33,600 dong ($1.45), compared to a range of 33,500-34,000 dong last week.

Coffee exports from Vietnam are expected to fall an estimated 13.9% in 2019 from a year earlier to 1.61 million tonnes, or 2.68 million 60-kg bags, the General Statistics Office (GSO) said last week.

Coffee shipments in December from the world’s largest exporter of the Robusta variety are estimated at 150,000 tonnes, valued at $258 million.

Coffee export revenue will likely decline 21.2% to $2.785 billion in 2019.

According to the Import and Export Department under the Ministry of Industry and Trade, domestic coffee products are exported to over 80 countries and territories worldwide, accounting for 14.2 percent of the global coffee export market share, second only to Brazil.

Most notably, roasted and instant coffee has gained a 9.1 percent market share, ranking in fifth position after Brazil, Indonesia, Malaysia, and India.