After great success in 2022, Vietnam's coffee exports may face challenges this year as the fluctuations of the US dollar have been unpredictable.

Vietnam exported 1.42 million tonnes of coffee in the first ten months of this year, a rise of 10.8 per cent over the same period last year.

Despite inflation and difficulties in trade, Vietnam's coffee exports recorded strong growth, according to experts, who expect a record US$4 billion in export value this year.

Vietnam has become the third largest supplier of coffee to the U.S. over the first eight months of 2022, reported the General Department of Customs.

As the second-largest coffee exporter in the world, Vietnam is more than well equipped to represent a major supplier of China’s current and future demand for coffee.

Despite its large coffee output, Vietnam only gains little from global coffee markets as the country mainly exports raw materials. To make use of its many free trade deals, the country’s coffee maker will have to up their game.

The market share of Vietnamese coffee as part of the United States’ total imports increased from 8.95% to 9.6% during the opening four months of the year, according to statistics compiled by the General Department of Vietnam Customs.

Over the past two years, whilst the Covid-19 pandemic was raging over economies, coffee prices on both the derivatives market and domestic market have taken great strides.

The Viet Nam Coffee and Cocoa Association has targeted a coffee export turnover of US$5-6 billion in 2030, doubling the export value at present.

Coffee exports in the first nine months of this year decreased in volume but increased in turnover, with Germany being the largest market for the product.

Vietnamese producers continue to have a faint imprint on the world’s deep-processed coffee market, and many small businesses are now beginning to pay more attention to branding, while larger ones seek new ways to increase export output.

Vietnam, the world's biggest producer of robusta, has become the top supplier of coffee beans for Japan as the consumption of instant coffee, which uses robusta, is soaring there amid the COVID-19 pandemic, according to the Nikkei Asia Review.

Bolstered by the growing demand in the EU, Vietnam’s coffee industry has a major opportunity to capture a bigger market share on the European continent.

Coffee prices have fallen dramatically, and some farmers are giving up because of problems because of price fluctuations and supply-demand imbalances.

Vietnam has set itself a target of increasing the ratio of processed coffee from the current 10 per cent to 30-40 per cent by 2030 to add value, the Viet Nam Coffee Week heard in HCM City on Wednesday.

Vietnam, the second biggest coffee exporter in the world, is experiencing tough days as the export volume has fallen and export prices are among the lowest in the world.

VietNamNet Bridge - Vietnam exports nearly 2 million tons of high-quality coffee beans each year and imports 60,000 tons of processed coffee from Brazil, the US and China.

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