Coffee exports to New Zealand enjoy three-digit growth
VOV.VN - Vietnamese coffee exports to New Zealand witnessed three-digit growth during the initial seven months of the year, raking in US$3.2 million in the process, up 106.5% in volume and 144.2% in value compared to the same period from last year, according to the Ministry of Industry and Trade.
The average export price of Vietnamese coffee in the demanding market in the reviewed period stood at US$2,638 per tonne, up 18.3% on-year.
July alone saw the country export 194 tonnes of coffee worth US$583.71 million to this market, representing a rise of 73.2% in volume and 108.2% in value compared to July, 2022 with the average export price reaching US$3,009 per tonne, up 20.2% on-year.
Most notably, the country’s major export coffee products to the market included Robusta and processed coffee, representing respective increases of 186.1% and 58.5%, on-year.
In contrast, the nation moved to reduce exports of Arabica coffee to the New Zealand market, duly representing a fall of 17.2% on-year.
According to details given by the the International Trade Centre, Brazil made up the largest supplier of coffee to New Zealand in the first half of the year with 1,720 tonnes worth US$8.19 million, representing a decline of 20% in volume and 27.7% in value on-year.
However, Brazil's market share as part of New Zealand's total imports fell from 24.73% in the first six months of 2022 to 21.49% in the first half of this year.
This came amid New Zealand increasing coffee imports from the Vietnamese market, up 23.4% in volume and 19% in value over the same period from last year, with approximately 1,140 tonnes, worth US$2.54 million
Vietnam's coffee market share as part of New Zealand's total imports increased from 10.58% during six-month period of last year to 14.19% in the first half of this year.
