Vietnam Coffee Export Prices Fell 4.14% in First 8 Months of 2014

Vietnamese coffee exporters faced a familiar challenge in early 2014: rising shipment volumes didn’t mean rising revenues. As the 2013–2014 harvest season entered its final stretch, the industry saw coffee leaving the country in greater quantities—but at a lower average price per tonne than the year before.

In the first eight months of 2014 alone, Vietnam exported 1.22 million tonnes of coffee worth US$2.53 billion. That’s a 26.8% increase in volume and 22.3% in value compared to the same period in 2013—but the average export price fell by 4.14% year-on-year.

What the Vietnam Coffee Rubber Association Reported

The Vietnam Coffee – Cocoa Association (Vicofa) provided key figures as the 2013–2014 harvest season neared its close, with roughly half a month remaining. By late August 2014, the country had already shipped out 1.22 million tonnes of coffee. For the full season, Vicofa projected total exports would reach 1.59 million tonnes, generating US$3.25 billion in revenue.

Year-on-Year Export Growth in Early 2014

Looking specifically at January to August 2014, the numbers show strong growth in both volume and value. The 1.22 million tonnes exported represented a 26.8% rise compared to the 962,000 tonnes shipped over the same months in 2013. In dollar terms, the US$2.53 billion earned was 22.3% higher than the US$2.07 billion recorded for January–August 2013.

The Drop in Average Export Price

Despite higher volumes and increased total revenue, the average export price per tonne declined. Year-on-year, the average price for Vietnamese coffee exports fell by 4.14% in the first eight months of 2014. This means that even as more coffee left the country, each tonne brought in less money than during the same period the previous year.

Frequently Asked Questions

How much coffee did Vietnam export from January to August 2014?

Vietnam exported 1.22 million tonnes of coffee from January to August 2014.

What was the total export value for Vietnamese coffee in the first 8 months of 2014?

The total export value was US$2.53 billion for the January–August 2014 period.

Did Vietnam’s coffee export volume increase in 2014 compared to 2013?

Yes, export volume rose by 26.8% year-on-year in the first eight months of 2014.

Did Vietnam’s coffee export revenue increase in early 2014?

Yes, export revenue grew by 22.3% in the first eight months of 2014 compared to the same months in 2013.

Why did the average export price of Vietnamese coffee fall in 2014?

The average export price fell by 4.14% year-on-year in the first eight months of 2014, even as volume and total revenue rose.

What is the projected total coffee export volume for Vietnam’s 2013–2014 season?

The Vietnam Coffee – Cocoa Association projected a total of 1.59 million tonnes of coffee would be exported by the end of the 2013–2014 season.

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