In early 2025, due to a decrease in supply, global coffee prices have increased sharply. This helped Vietnam’s coffee exports reach over one billion USD for the first time in just one month.
EXPORTS REACHED A NEW MILESTONE
Mr. Nguyen Nam Hai, Chairman of the Vietnam Coffee-Cocoa Association (VICOFA), said that in February, Vietnam exported 193,031 tons of coffee, worth over 1.08 billion USD. This is the first time that Vietnam’s coffee exports have reached over one billion USD in just one month.
In the first two months of the year, Vietnam exported a total of 343,331 tons of coffee, with a turnover of over 1.87 billion USD. Among them, the volume of exported raw coffee was 315,615 tons, worth over 1.65 billion USD. Although the export volume decreased by 14.8% compared to the same period last year, the export value increased significantly by 50%.
For the first time, Vietnam’s coffee exports have reached over one billion USD.
On March 5th, coffee prices in the Central Highlands increased significantly compared to the previous day, fluctuating between 131,000 and 133,000 VND/kg, up by 2,000 to 3,000 VND/kg.
One of the reasons for the increase in coffee prices is the weakening of the USD, which has fallen to its lowest level since February. In addition, strong buying power from financial investors on the exchange also contributed to pushing prices higher.
According to a survey by Reuters, Robusta prices could reach 5,500 USD/ton, while Arabica could exceed 400 cents/pound if the upward trend continues.
MANY OPPORTUNITIES FOR VIETNAM
This year, the Ministry of Agriculture and Environment aims for a total coffee production of 1.98 million tons, a slight increase compared to last year. Meanwhile, the US Department of Agriculture forecasts that Vietnam’s coffee exports will increase by 1.8 million bags, reaching 24.4 million bags, thanks to improved supply. In the context of a global shortage driving coffee prices up, maintaining production has created many opportunities for the Vietnamese coffee industry.
Brazil is experiencing one of the most severe droughts in history, seriously affecting coffee production. The drop in production has left Brazil’s coffee reserves almost empty. High prices have led many warehouses to sell off nearly all their stock from the previous harvest.
In February, Germany, Italy, and Japan were the three largest coffee-consuming markets for Vietnam, accounting for market shares of 16.6%, 9.4%, and 8.2%, respectively. Compared to the same period last year, the value of coffee exports to the German market increased by 53%, the Italian market by 5.6%, and the Japanese market by 10.4%.
Recently, the Vietnam Trade Office in Algeria reported that Vietnam still has great export potential to Algeria, as Vietnam’s coffee is highly regarded by importers and consumers for its quality and flavor.
Algeria is a country that does not grow coffee, so it has to import 100% to meet domestic demand. Coffee is the most popular beverage among Algerians. With a population of over 46 million, Algeria imports about 130,000 tons of coffee beans of all types each year, worth around 300 million USD.
According to data from the General Department of Vietnam Customs, in 2024, Vietnamese enterprises exported 34,158 tons of green coffee beans to Algeria, with a turnover of 127.4 million USD.