Vietnamese exporters brace for headwinds in Spanish market
A key factor contributing to this challenge is the EU and Spain’s prioritization of new Free Trade Agreements (FTAs), particularly with Mexico and the Mercosur bloc in 2025.
Coffee export revenue hits a record of $4.92 bln in 11M
The growth driven by coffee price hike.
Vietnam's coffee exports reach record high in 2024
During the first 10 months of 2024, the value surged by 40.1% and exceeded the $4.18 billion figure recorded in 2023.
Coffee exports tipped to hit $5bln in 2024 on rising price
Robusta coffee price reached a record $3,435 per ton in February.
Coffee exports down in November
Volume and value fall 37.9% and 17.5% year-on-year.
Coffee export price hits three-decade high
Price for 2022-2023 crop stands at $2,682 per ton.
Vietnam becomes largest coffee exporter to Spain
Over 113,500 tons exported to the country last year.
Coffee festival attracts 150 domestic and foreign companies
Festival features more than 400 booths showcasing coffee products.
Coffee exports to suffer from falling prices
According to the General Department of Customs, coffee export turnover in the first half of the year reached $2.3 billion, a 48.5 per cent increase year-on-year. However, as inflation has hit many countries around the world and international currencies have been weakened, coffee prices have fallen since the beginning of July, signaling that export turnover in the second half of the year will likely decline.