China increases coffee imports from Vietnam

According to statistics from the China Customs Administration, in the first 5 months of 2024, China imported over 109,850 tons of coffee, worth 490 million USD, up 155.1% in volume and 104.3% in value over the same period last year.

China increases coffee imports from Vietnam

In the first five months of 2024, the average price of imported coffee into China reached 4,461 USD/ton, down 19.9% ​​compared to the same period last year. In particular, the average price of imported coffee into China from many major suppliers decreased, except for Vietnam and Ethiopia.

In the first 5 months of 2024, China imported coffee from about 60 countries and territories around the world . In particular, the main sources of coffee for China include: Brazil, Colombia, Vietnam, Ethiopia, Tanzania, Uganda, Indonesia, the United States, Italy...

China's coffee imports from most of the above sources increased, except for Ethiopia. In the first 5 months of 2024, China imported 51,950 tons of coffee from Brazil, worth 183.27 million USD, up 273.1% in volume and 258.4% in value compared to the same period last year.

Source: China Customs

Brazil's coffee market share in the total import volume of the Chinese market increased from 32.33% in the first 5 months of 2023 to 47.29% in the first 5 months of 2024. Similarly, in the first 5 months of 2024, China increased coffee imports from Vietnam, up 25% in volume and 80.4% in value over the same period last year, reaching 9.78 thousand tons, worth 31.63 million USD.

However, Vietnam's coffee market share in China's total imports decreased from 18.18% in the first 5 months of 2023 to 8.91% in the first 5 months of 2024.

Notably, China sharply increased coffee imports from Colombia and Tanzania in the first five months of 2024, increasing by 475.1% and 1,026.7% in volume, and by 328.1% and 643% in value, respectively, over the same period last year.

Source: https://congthuong.vn/trung-quoc-tang-nhap-khau-ca-phe-tu-viet-nam-332269.html