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    Home > Food News > Food Articles > Vietnamese coffee has great export potential to Spain

    Vietnamese coffee has great export potential to Spain

    • Last Update: 2022-10-25
    • Source: Internet
    • Author: User
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    According to a survey conducted in the Spanish market, 87% of the country's population from 18-64 years old drink coffee and 70% drink coffee
    daily.
    In addition, according to the https:// www.
    statista.
    com website, in the 2022-2025 stage, the coffee segment of the Spanish market will grow by 6.
    84%.

    Therefore, the Vietnamese Commercial Office in Spain believes that the potential for enterprises to export coffee products to this potential market is still huge
    .
     
    In order to promote the sustainable export of coffee and agricultural products to the Spanish market, the Commercial Services Office believes that local and industry associations need to cooperate with the Commercial Services Office to hold online and offline seminars to promote potential cooperation opportunities
    in the implementation of the Vietnam-EU Free Trade Agreement to local enterprises and industry associations of the two countries.
     
    In addition, a delegation including representatives of importers, distributors and supermarkets from Viet Nam needs to be organized to Spain to connect and directly carry out trade exchanges
    with various localities and partners in the country.
    Localities and associations provide the Commerce Division with information on enterprises and their advantageous export products, so that the Commerce can effectively carry out trade promotion activities
    in investment and trade promotion activities.
     
    The Commercial Services Department also requires production and export enterprises to pay attention to product quality and the brand of
    export products.
    In addition, the Commerce Office also suggested that the relevant departments of Viet Nam cooperate with the Commerce Department to promote the holding of the first meeting of the Economic, Trade and Investment Cooperation Committee of the two governments
    .
    In the first nine months of this year, Vietnam's coffee exports to Spain reached 71,700 tons and more than 160 million US dollars, respectively, an increase of 40.
    4% and 63.
    4%
    year-on-year.
     
    In the first nine months of this year, Vietnam's coffee exports to Spain reached 71,700 tons and more than 160 million US dollars, respectively, an increase of 40.
    4% and 63.
    4%
    year-on-year.
     
    According to statistics from the General Administration of Customs, in September this year, Vietnam's coffee exports to Spain were 524,000 tons and 13.
    1 million US dollars, down 14.
    4% and 7.
    1%
    respectively from the previous month.
    However, coffee exports and export value increased by 11.
    5% and 37.
    4%
    respectively compared to September 2021.
     
    According to the Import and Export Bureau, the export price of Vietnamese coffee to Spain was $2,496 per tonne in September, up 8.
    6% month-on-month and 16.
    9%
    year-on-year.
    In the first nine months, the average export price of coffee was $2,245 per ton, an increase of 16.
    9%
    year-on-year.
     
    According to statistics, in the first seven months of this year, Spain imported 165,700 tons of coffee from outside the EU, with an import value of more than 524 million euros, an increase of 17.
    4% and 100.
    8% respectively, of which Vietnam is Spain's largest source of supply outside the EU, with an import volume of 67,200 tons and an import value of 152 million US dollars, an increase of 18.
    3% and 79.
    3%
    respectively.
     
    In particular, Vietnam's coffee market share accounted for 30.
    14% of Spain's total coffee imports in the first seven months of this year, down from 30.
    46%
    in the same period of 2021.
    (End)
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