Vietnam's coffee bean export market in the ninth quarter of 2024

Vietnam currently holds an important position and has a great influence on the world coffee market. Join Goodprice to learn to have an overview of the coffee bean export market in the last months of the year.

I. What is coffee bean? The role of coffee bean in the coffee market

Coffee bean is fresh coffee beans, not roasted or ground. They retain their natural green color and fully contain the characteristic flavor of each coffee variety.

1. Why is it called coffee bean?

- Coffee bean kernel: The part of the seed inside the coffee bean after removing the shell and flesh is called the kernel.

- Unprocessed: Coffee bean has not undergone any roasting or grinding process, remaining in its natural state.

2. Outstanding features of Vietnamese coffee beans

Vietnam is one of the largest coffee producing countries in the world, and Vietnamese coffee beans have their own unique characteristics:

- Diverse coffee varieties: Vietnam grows many different coffee varieties, from Arabica to Robusta, each variety brings a unique flavor.

- High quality: Vietnamese coffee beans are highly appreciated for their quality thanks to the climate, soil conditions and increasingly improved production processes.

- Characteristic flavor: Depending on the coffee variety and growing region, Vietnamese coffee beans bring diverse flavors, from light sourness, light sweetness to strong bitterness, strong aroma.

- Great export potential: Vietnamese coffee beans are exported to many countries around the world, contributing to the economic development of the country.

3. Why is coffee bean popular?

- Fresh: Coffee beans retain their natural flavor, and when roasted, they produce delicious, rich cups of coffee.

- Flexible: Users can roast and grind coffee beans themselves to their liking to create unique flavors.

- Easy to preserve: Coffee beans can be preserved for a long time if properly preserved.

4. The role of coffee beans in the Vietnamese economy and the global coffee market

Coffee beans, as the input material for all coffee products, play an extremely important role in both the Vietnamese economy and the global coffee market.

In the Vietnamese economy:

- Economic driving force: Coffee beans are one of Vietnam's key export items, contributing significantly to the country's export turnover.

- Creating jobs and income for people: The coffee industry creates millions of direct and indirect jobs for people, from planting, harvesting to processing and exporting.

- Developing the local economy: In coffee growing areas, this industry has contributed to improving people's lives, developing infrastructure and promoting the local economy.

- Diversifying the economy: Coffee has helped diversify the economic structure, reducing dependence on some traditional export products.

In the global coffee market:

- Leading supplier: Vietnam is one of the world's largest producers and exporters of coffee, especially Robusta coffee.

- Impact on market prices: Vietnam's coffee output can significantly affect coffee prices on the world market.

- Product diversification: Vietnamese coffee beans provide raw materials for many different types of coffee products, meeting the diverse needs of global consumers.

- Competition in the international market: Vietnamese coffee competes with other major coffee producing countries such as Brazil and Colombia

II. Overview of the Vietnamese coffee bean market

1. Vietnam's position in the world coffee market

Vietnam currently holds an important position and has great influence on the world coffee market.

- Second largest coffee producer: Vietnam is one of the largest coffee producing countries in the world, after Brazil.

- Mainly supplying Robusta coffee: Vietnam is known as the "kingdom of Robusta", providing a large amount of high-quality Robusta coffee to the global market. Vietnamese Robusta coffee often has a strong, bitter taste and high caffeine content.

- Increasing export trend: Vietnam's coffee exports have grown continuously in recent years, contributing significantly to the country's export turnover.

- Target markets: Vietnam has been expanding its export market to many countries around the world, especially European and Asian countries.

2. Vietnamese coffee beans have the following outstanding characteristics:

- Variety diversity: Vietnam grows many different coffee varieties, in addition to Robusta, there are also Arabica, Catimor, and some specialty coffee varieties.

- High quality: Thanks to favorable natural conditions and increasingly improved production processes, Vietnamese coffee beans have increasingly improved quality, meeting the strict requirements of the international market.

- Characteristic flavor: Depending on the coffee variety, growing region and processing method, Vietnamese coffee beans bring diverse flavors, from strong bitterness, light sourness to fruit aroma.

- Competitive price: Compared to other coffee producing countries, the price of Vietnamese coffee beans is often more competitive.

3. Main export markets

Vietnamese coffee beans are exported to many countries around the world, including the following main markets:

- Europe: Italy, Germany, France are the largest consumers of Vietnamese coffee in Europe.

- Asia: Southeast Asian countries, Japan, and South Korea are also potential markets.

- America: The US market also consumes a large amount of Vietnamese coffee, especially Robusta coffee used to make mixed drinks.

III. Factors affecting coffee bean exports in the ninth quarter of 2024

- Weather: Weather conditions such as storms and droughts will directly affect coffee output and quality.

- Price: Coffee prices on the world market will determine the competitiveness of Vietnamese coffee.

- Policy: State support policies and trade agreements will affect exports.

- Market requirements: The trend of consuming specialty coffee and organic coffee will create new opportunities.

- Competition: Competition from other coffee producing countries such as Brazil and Colombia will become increasingly fierce.

1. Forecast

Based on the above factors, some forecasts can be made about the export situation of coffee beans in the ninth quarter of 2024:

- Continued growth: With efforts to improve quality and expand markets, Vietnam's coffee bean exports can continue to grow.

- Market diversification: Vietnam will continue to seek new markets, especially potential markets such as China and India.

- Increase the export of specialty coffee: The trend of consuming specialty coffee is increasing, creating opportunities for Vietnamese enterprises to export high-quality coffee products.

- Facing many challenges: The Vietnamese coffee industry still faces many challenges such as climate change, epidemics, and fierce competition.

2. Factors to consider

To have a clearer view of the situation of coffee bean exports in the ninth quarter of 2024, it is necessary to pay attention to the following factors:

- Output: Coffee output harvested in the third quarter will directly affect the supply for export.

- Quality: Coffee quality will determine the selling price and competitiveness in the international market.

- Price: Coffee prices on the world market can fluctuate strongly, affecting the revenue of farmers and businesses.

- Policy: New government policies can impact coffee export activities.

>> See more: When is coffee harvested in the year?