Vietnam remains largest supplier of coffee to Spanish market
VOV.VN - The market share of Vietnamese coffee in Spain's total imports from the global market has increased from 27.53% in 2021 to 30.16% last year, according to details given by the Ministry of Industry and Trade.
In 2022, the supply suppliers of coffee to the Spanish market mainly came from foreign markets with the volume reaching 275,770 tonnes, valued at US$973.18 million, thereby representing a rise of 11.5% in volume and 77.8% in value compared to 2021.
Of the figure, Vietnam remains the largest coffee supplier to the European nation with 113,550 tonnes, worth approximately US$287 million, up 21.6% in volume and 78.9% in value against 2021.
The average import price of coffee in the Spanish market rose by 32.9% to US$3,650 per tonne, marking the highest level in the 2018 to 2022 period.
Statistics compiled by the General Department of Vietnam Customs indicate that in February alone, the country exported over 200,000 tonnes of coffee worth US$434.9 million, up 40.3% in volume and 40.1% in value compared to January.
The first two months of the year witnessed Vietnamese coffee exports reach 342,300 tonnes, worth US$745.28 million, a decline of 7.8% in volume and 9.5% in value on-year.
The average export price of Vietnamese coffee throughout the reviewed period dropped by 1.9% to US$2,177 per tonne against the same period from last year.
Vietnamese coffee exports to traditional markets, except Belgium and Japan, witnessed an upward trajectory. Most notably, coffee exports to a number of markets recorded double and triple -digit growth rates, including Algeria, the Netherlands, Mexico, Russia, and Italy.
