The EU imported 4.05 million tons of coffee in 2023, worth $20.79 billion, according to Eurostat. The figure was a 9 percent decrease in quantity and 10.2 percent in value compared to 2022.

With 652,000 tonnes of coffee exported to the EU worth 1.66 billion USD in 2023, Vietnam was the second biggest coffee supplier of the EU in terms of volume and third largest supplier in terms of value.

Coffee prices have soared, causing some exporters of Vietnamese coffee beans to cancel contracts previously signed with partners.

Y Pot Niê, 36, an E De ethnic man, stands at his booth at the eighth National Farmers Forum, taking place in Hanoi, and inviting visitors to try a cup of his coffee.

Vietnam shipped 230,000 tonnes of coffee abroad in January, earning 623 million USD, up 61.6% in volume and 100.3% in value year-on-year, according to the Ministry of Agriculture and Rural Development.

Coffee prices are increasing because of a global shortage.

Vietnam continues to be the biggest coffee producer and exporter in the world with export turnover of $4.18 billion in 2023. The world market is relying on supply from Vietnam.

Vietnam shipped 1.61 million tonnes of coffee abroad in 2023, earning 4.18 billion USD, down 9.6% in volume but up 3.1% in value year-on-year.

Vietnamese coffee exports in the 2023 to 2024 crop year are anticipated to reach between US$4.5 billion and US$5 billion thanks to continued coffee export prices in the global market, according to industry insiders.

Vietnam, one of the biggest coffee producers and exporters in the world, saw a drop in coffee exports in November for the second consecutive month. The output of the upcoming crop is predicted to be 3.5 million bags lower than initially estimated.

Vietnam's coffee export volume in the 2023-24 season is likely to be lower than a year ealier due to a drop in output.

Vietnam’s coffee exports in 2023 are expected to break the record of 4 billion USD in export value set in the previous year.

Coffee export activities are expected to remain positive this year, but it will be difficult to achieve the target turnover of more than US$4 billion for the second year.

Coffee exports this year are forecast to remain positive and are likely to reach a turnover of US$4 billion.

Coffee export prices have climbed to a new high of $3,054 per ton last August. In the domestic market, new price records have also occurred. Businesses say there is no more coffee to sell, which has rarely happened.

Vietnam’s coffee sector has not been able to cash in on increased coffee prices due to a lack of product.

Vietnamese coffee exports have witnessed positive signs thanks to constant soaring prices in recent times, according to the Mercantile Exchange of Vietnam (MXV).

The country had exported a total of 1.54 million tonnes of coffee worth US$2.81 billion by mid-August, representing a fall of 20% in volume but up nearly 5% in value on-year thanks to high export prices.

Coffee is an export highlight of agricultural products in the first half of 2023, as the industry's export revenue earned 2 billion USD in the period, the General Department of Customs has announced.