Vietnam Coffee Exports Soar in First Half of 2024

Vietnam’s coffee industry has posted striking growth in the first half of 2024, with export volumes surging well above last year’s levels. The numbers reflect stronger global demand and a steady flow of shipments, particularly to key markets in Europe and North America. For coffee professionals tracking international supply trends, these figures offer a clear signal of Vietnam’s expanding role in the global coffee trade.

In the first six months of 2024, Vietnam exported 966,000 tonnes of coffee, a 36.7% increase year-on-year, generating $1.96 billion in revenue — up 29% compared to the same period in 2023. May alone saw 154,000 tonnes shipped, valued at $336 million. The average export price over H1 was $2,001 per tonne.

Top Export Markets for Vietnamese Coffee

Germany and the United States remain Vietnam’s two largest coffee export destinations. Germany accounted for 14.08% of total exports, while the U.S. made up 9.62%. These two markets continue to drive significant volume and revenue for Vietnamese coffee producers. Additionally, Belgium and France have emerged as the fastest-growing markets for Vietnamese coffee exports, though specific volume figures for these countries were not disclosed in the report.

Vietnam’s Coffee Production Outlook

Looking ahead to the 2014-2015 crop season, Vietnam’s coffee production is forecast to reach approximately 1.75 million tonnes. This represents a slight increase from the 2013-2014 season, which produced around 1.74 million tonnes. The modest uptick in production supports the higher export volumes seen in early 2024, though the growth in exports outpaces the production increase, indicating strong demand and possibly reduced domestic stockpiles or carryover from previous seasons.

Why These Numbers Matter to Global Coffee Trade

The rise in both volume and value of Vietnam’s coffee exports highlights the country’s growing influence in the global supply chain. With average export prices holding steady at $2,001 per tonne, Vietnamese exporters are benefiting from favorable market conditions. The demand from traditional markets like Germany and the U.S., along with emerging interest from Belgium and France, underscores Vietnam’s strategic position as a leading supplier of coffee to the world.

Frequently Asked Questions

How much coffee did Vietnam export in the first half of 2024?

Vietnam exported 966,000 tonnes of coffee in the first half of 2024, marking a 36.7% increase compared to the same period in 2023.

What was the total export value of Vietnamese coffee in H1 2024?

The total export value of Vietnamese coffee in the first half of 2024 was $1.96 billion, up 29% from H1 2023.

What is the average export price of Vietnamese coffee in 2024?

The average export price of Vietnamese coffee in the first half of 2024 was $2,001 per tonne.

Which countries are Vietnam’s top coffee export markets?

Germany and the United States are Vietnam’s top two coffee export markets, accounting for 14.08% and 9.62% of total exports, respectively.

Which markets are showing the fastest growth for Vietnamese coffee exports?

Belgium and France are the fastest-growing markets for Vietnamese coffee exports, though exact export volumes for these markets were not specified.

What is the expected coffee production for Vietnam’s 2014-2015 crop season?

Vietnam’s coffee production for the 2014-2015 crop season is forecast to be around 1.75 million tonnes, a slight increase from 1.74 million tonnes in 2013-2014.

Recommended FrontStreet Beans for Vietnamese Coffee Trends

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