Vietnam: Green Coffee Market 2024

Green Coffee Market Size in Vietnam

The Vietnamese green coffee market dropped modestly to $X in 2022, declining by X% against the previous year. Overall, consumption recorded significant growth. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Green Coffee Production in Vietnam

In value terms, green coffee production expanded slightly to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

The average yield of coffee (green) in Vietnam expanded remarkably to X tons per ha in 2022, surging by X% against the previous year's figure. In general, the yield recorded a relatively flat trend pattern. The green coffee yield peaked at X tons per ha in 2020; however, from 2021 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The green coffee harvested area in Vietnam fell modestly to X ha in 2022, therefore, remained relatively stable against the previous year. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when the harvested area increased by X% against the previous year. As a result, the harvested area reached the peak level of X ha, and then contracted slightly in the following year.

Green Coffee Exports

Exports from Vietnam

In 2022, shipments abroad of coffee (green) was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Overall, exports, however, showed a noticeable shrinkage. The pace of growth appeared the most rapid in 2016 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, green coffee exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate a perceptible reduction. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons), Italy (X tons) and Belgium (X tons) were the main destinations of green coffee exports from Vietnam, together accounting for X% of total exports. The United States, Japan, Russia, Spain, Algeria, the UK, the Philippines, Mexico, South Korea and India lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and the United States ($X) appeared to be the largest markets for green coffee exported from Vietnam worldwide, together comprising X% of total exports. Belgium, Japan, Russia, Spain, Algeria, the UK, the Philippines, South Korea, Mexico and India lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Russia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average green coffee export price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton; afterwards, it flattened through to 2022.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($X per ton) and Japan ($X per ton), while the average price for exports to India ($X per ton) and Mexico ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (X%), while the prices for the other major destinations experienced more modest paces of growth.

Green Coffee Imports

Imports into Vietnam

In 2022, the amount of coffee (green) imported into Vietnam reduced to X tons, almost unchanged from the previous year's figure. Overall, imports, however, posted a temperate expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, green coffee imports soared to $X in 2022. In general, imports, however, showed buoyant growth. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Lao People's Democratic Republic (X tons) constituted the largest green coffee supplier to Vietnam, accounting for a X% share of total imports. Moreover, green coffee imports from Lao People's Democratic Republic exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), threefold. Brazil (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Lao People's Democratic Republic totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and Brazil (X% per year).

In value terms, Lao People's Democratic Republic ($X) constituted the largest supplier of coffee (green) to Vietnam, comprising X% of total imports. The second position in the ranking was taken by Indonesia ($X), with an X% share of total imports. It was followed by Brazil, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Lao People's Democratic Republic totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and Brazil (X% per year).

Import Prices by Country

In 2022, the average green coffee import price amounted to $X per ton, picking up by X% against the previous year. Overall, the import price saw buoyant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Cote d'Ivoire ($X per ton) and Lao People's Democratic Republic ($X per ton), while the price for China ($X per ton) and Brazil ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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