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    Market Info

    Café market 2018

    09:02 | 24/08/2018

     

    According to the Coffee-Cocoa Association, (VICOFA), the production of coffee in the 2017-2018 in Vietnam was estimated to reach 1.55 million tons, rising 100,000 tons compared to the 2016-2017. Coffee exports in this crop estimated to reach 1.5 million tons, gaining a turnover of US$3 billion, an increase of 0.8% in volume but reduced 10.5% in value compared to the previous harvest.

    Over the years the coffee processing of Vietnam has increased rapidly, from 53,565 tons (in 2014) to 72,293 tons (in 2015) and has increased to 91,036 tons (in 2016) with the value of reaching US $273.86 million, 305.78 million USD and 339.26 million in turn.

    Over the next 5 years the prediction of processed coffee export will still increase to 200,000 tons, double the current volume. Besides, the amount of coffee consumption in the country also increases by 15%, this will cause the amount of coffee to export reduced to 1 – 1.2 million tons/year.

    Source: Vicofa-Vietnam Coffee and Cocoa Association


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