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    Home > Food News > Food Articles > Britain reduces coffee imports from Vietnam

    Britain reduces coffee imports from Vietnam

    • Last Update: 2021-09-10
    • Source: Internet
    • Author: User
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    Vietnam’s “Business News” reported on September 7 that the Import and Export Bureau of the Ministry of Industry and Trade of Vietnam cited data from the International Trade Center as saying that in the first half of this year, the import volume of British coffee was 100.
    3 million tons, and the import value was US$424.
    6 million, a year-on-year decrease of 13.
    8% and respectively.
    10.
    9% .

     
    In the first half of this year, the UK increased its coffee imports from most major supply markets (except Vietnam and Honduras)
    .
    Statistics show that in the first half of this year, Britain imported 16,400 tons of coffee from Vietnam, a decrease of 48.
    4%; imports amounted to US$29 million, a decrease of 49.
    3%
    .
    The market share of Vietnamese coffee in the total UK imports fell from 27.
    32% in the first half of last year to 16.
    35% in the first half of this year
    .
     
      The complex development of the fourth wave of the new crown epidemic has had a negative impact on Vietnamese coffee export activities
    .
    At the same time, Vietnamese coffee has not yet been able to meet the increasingly stringent requirements of the British for quality and consumption
    .
    At present, Vietnam’s coffee exports are dominated by unprocessed or semi-processed products, while the coffee consumption structure in the United Kingdom is dominated by instant coffee, which accounts for 41% of the market share, which is much higher than the average market share of 17% in Europe
    .
     
      In 2020, the UK imported nearly US$1 billion of coffee from the Vietnamese market
    .
    However, the competition for imported coffee products in the UK market is very fierce
    .
    In order to stabilize coffee exports to the UK, experts suggest that the Vietnamese coffee industry needs to meet the increasingly stringent requirements of this market, and companies must produce according to the global GAP regulations, which is one of the prerequisites for Vietnamese agricultural products to enter the high-end market
    .
    Import and export coffee imports
     
      In the first half of this year, the UK increased its coffee imports from most major supply markets (except Vietnam and Honduras)
    .
    Statistics show that in the first half of this year, Britain imported 16,400 tons of coffee from Vietnam, a decrease of 48.
    4%; imports amounted to US$29 million, a decrease of 49.
    3%
    .
    The market share of Vietnamese coffee in the total UK imports fell from 27.
    32% in the first half of last year to 16.
    35% in the first half of this year
    .
     
      The complex development of the fourth wave of the new crown epidemic has had a negative impact on Vietnamese coffee export activities
    .
    At the same time, Vietnamese coffee has not yet been able to meet the increasingly stringent requirements of the British for quality and consumption
    .
    At present, Vietnam’s coffee exports are dominated by unprocessed or semi-processed products, while the coffee consumption structure in the United Kingdom is dominated by instant coffee, which accounts for 41% of the market share, which is much higher than the average market share of 17% in Europe
    .
     
      In 2020, the UK imported nearly US$1 billion of coffee from the Vietnamese market
    .
    However, the competition for imported coffee products in the UK market is very fierce
    .
    In order to stabilize coffee exports to the UK, experts suggest that the Vietnamese coffee industry needs to meet the increasingly stringent requirements of this market, and companies must produce according to the global GAP regulations, which is one of the prerequisites for Vietnamese agricultural products to enter the high-end market
    .
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