Germany surpasses Italy as largest importer of Vietnamese coffee
Germany surpasses Italy as largest importer of Vietnamese coffee
Germany has overtaken Italy to become the biggest buyer of Vietnam's coffee in both volume and value by spending over US$380 million on more than 112,000 metric tons from the Southeast Asian country in the first half of this year, according to the Vietnam Coffee and Cocoa Association (VICOFA).
Visitors are waiting to taste Vietnamese coffee at a stall at an international fair in China. Photo: Thao Thuong / Tuoi Tre |
In January-June, Vietnam exported coffee to more than 80 countries, earning US$3.1 billion.
Germany accounted for the highest, at $383 million, followed by Italy with $276 million and Japan with $238 million.
Besides the top three, other key markets for Vietnamese coffee exports in the period were Spain, Russia, the U.S., Indonesia, the Philippines, the Netherlands, and China.
“Vietnam is the world’s largest producer of Robusta coffee and ranks second globally in export output, following Brazil,” Nguyen Nam Hai, president of the VICOFA, told Tuoi Tre (Youth) newspaper on Wednesday.
Vietnamese coffee is increasingly known and recognized all over the world, Hai added.
According to data from the General Department of Vietnam Customs, Vietnamese exporters shipped out nearly 893,000 metric tons of coffee in the first half of this year, earning $3.1 billion.
Compared to the same period of last year, the export volume decreased 11.4 percent but the export earnings surged 33.2 percent, according to VTC News.
Of the total export volume, 112,249 metric tons came to Germany.
Although this quantity was 13 percent lower than in 2023, the European country still topped the list of Vietnamese coffee imports in terms of volume, followed by Italy with 86,588 metric tons and Spain with 64,301 metric tons.
Explaining why Germany has replaced Italy as the largest importer of Vietnamese coffee, Hai told Tuoi Tre that Germany is home to coffee corporations that are among the world’s largest and many of them buy the bean from Vietnam.
“Germany is also a country that supplies coffee to large roasters around the world, such as Neumann Group - a company that handles and processes Vietnamese coffee,” Hai stated.
Italy also has many large corporations like Lavazza Group, which is the world’s seventh-largest coffee roaster, but the network of coffee groups in Germany has developed fast and wide over the past few years, leading to an increase in Vietnamese coffee imports, Hai explained.
Regarding prices, Hungary was the market importing Vietnamese coffee with the highest average price at $6,800 per metric ton.
It was followed by Israel at $6,099 per metric ton, Poland at $5,586, Laos at $5,314, Singapore at $4,909, Myanmar at $4,856, Romania at $4,230, New Zealand at $4,189, the Philippines at $4,107, and others, according to the General Department of Vietnam Customs.
