Photo for illustration. (Source: congthuong.vn)
According to International Trade Center data as quoted by the Ministry of Industry and Trade’s Import-Export Department, in 2021, Japan purchased 409,800 tonnes of coffee, worth approximately 1.32 billion USD, up 2.7% in volume and 11.6% in value compared to 2020.
It is noteworthy that Japan’s coffee import from Brazil and Vietnam increased in 2021, but declines were seen from other key suppliers, such as Colombia, Guatemala and Ethiopia.
The share of Vietnamese coffee in Japan saw a slight drop to 24.62% last year from 25.25% in 2020.
Coffee consumption in the market is expected to increase in the near future after a downward trend in imports triggered by the COVID-19 pandemic in the past two years.
According to estimates, Vietnam’s coffee shipment in February 2022 reached 130,000 tonnes, worth 304 million USD, down 20.4% in volume and down 18% in value from the previous month.
In the first two months of the year, the country exported 293,000 tonnes of coffee abroad, valued at 674 million USD, representing a year-on-year rise of 3.4% in volume and 35.6% in value.
Notably, export of robusta coffee to Germany, Belgium and the UK witnessed remarkable growth.
According to the Vietnam Trade Office in Japan, Vietnamese coffee firms are advised to capitalise on chances offered by free trade agreements (FTAs) to bolster shipments to Japan, as Vietnamese coffee is being favoured by local consumers amid an increasing demand for instant type./.