According to the latest assessment of experts, the supply of some large producing countries such as Colombia and some South American countries will be an opportunity for Vietnam's coffee exports. Therefore, penetrating into the EU market is considered as one of the "golden opportunities" for Vietnamese coffee to reach the world.

According to a source from the Ministry of Industry and Trade, it is forecasted that in the coming 2022, global coffee prices will continue to escalate. Currently, due to the lack of supply of Arabica coffee, some roasters have come up with a plan to mix Arabica and Robusta coffee to lower prices to compete with competitors in the same industry.

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The advantage, this in the long run can help change the taste of consumers more accustomed to drinking roasted and ground Robusta coffee and will help Vietnam's Robusta coffee export more favorable than ever. It can be said that Robusta coffee will be suitable for those who like strong taste and strong taste. Robusta coffee will have a characteristic bitter taste, the fatty taste of aromatic coffee beans, roasted to a "standard" level from skilled roasters. In the Vietnamese coffee market, our team - Huong Mai Cafe insists on bringing the best quality coffee products to consumers at extremely affordable prices.

According to another source, the Ministry of Industry and Trade also forecasts that in 2022, Vietnam's coffee exports to EU countries will also prosper again. The EVFTA Agreement will helping Vietnam's coffee industry create an advantage, predicting extremely fierce competition in the EU market. The shortage of shipping containers to other countries and the issue of logistics costs in 2022 is likely not to be as stressful as in 2021, creating very favorable conditions for customs clearance activities, minimizing stagnation, goods goods in storage.

EVFTA-Agreement

EVFTA-Agreement

Meanwhile, the EU's coffee import market capacity is very large, Vietnam has many qualities to boost the export of this product in 2022, thanks to the advantage of export tax and the supply of quality coffee increasing day by day. Vietnam and Brazil both have Free Trade Agreements with the European Union. Therefore, both countries benefit from tax rates on coffee exports to the EU. Each supplying country plays a different role, targeting certain segments of the EU coffee industry. Brazil is a major supplier of both Robusta and Arabica varieties, with 71% being Arabica. Meanwhile, Vietnam focuses on producing and exporting Robusta coffee.

Currently, the EU market's demand for high-quality processed and coffee beans is on an upward trend. Therefore, the potential for coffee exports to the EU is huge, if market demand is well exploited and product quality requirements are met. However, the Ministry of Industry and Trade said that Vietnam's coffee industry also faces difficulties. In recent days, the domestic coffee market has begun to show signs of excitement again, but it has not been as explosive as in previous years due to low purchasing volume due to slow harvesting (about 80% of the new crop's output). ). This has a significant impact on taking advantage of export opportunities.

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For the whole year of 2021, Vietnam's coffee exports reached 1.52 million tons, worth approximately 3 billion USD, down 2.7% in volume, but up 9.4% in value compared to 2020. Price Vietnam's average coffee export is estimated at 1,969 USD/ton, up 12.4% compared to 2020.

Through the above statistics, it can be said that 2022 is a year with the prospect of creating new challenges and golden opportunities for Vietnamese coffee to freely assert its position in the industry. Huongmai hopes this article is useful to you, giving you an overview of Vietnamese coffee exports and positive changes in the new normal.

Source: collected, edited and added.