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Vietnam made up the largest coffee supplier to Japan during the first quarter of the year, accounting for 30% of the overall market share, according to the General Department of Vietnam Customs.
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<h4 style="text-align:justify">Vietnam made up the largest coffee supplier to Japan during the first quarter of the year, accounting for 30% of the overall market share, according to the General Department of Vietnam Customs.</h4> <p style="text-align:justify"><img alt="" src="https://media.vov.vn/sites/default/files/styles/large/public/2022-05/thuong-thuc-ca-phe-robusta-8321.jpg" /></p> <p style="text-align:justify">Throughout the reviewed period Vietnam exported 45,139 tonnes of coffee worth US$110.1 million to Japan, representing a rise of 11.4% in volume and 45.4% in value, respectively.</p> <p style="text-align:justify">Most notably, Robusta coffee accounted for 86% of the total export volume to the demanding market with approximately 30,100 tonnes worth US$61.8 million, an increase of 36.6% in value compared to the first quarter of last year.</p> <p style="text-align:justify">Vietnam also increased the proportion of processed coffee exports to Japan, with turnover reaching US$16.3 million, an annual climb of 63.6%.</p> <p style="text-align:justify">According to Japan Customs, Japan imported 117,230 tonnes of coffee worth US$413 million during the first quarter, of which coffee import volume from the Vietnamese market made up 35,598 tonnes.</p> <p style="text-align:justify">The market share of Vietnamese coffee in this market therefore increased from 24.35% in the first quarter of 2021 to 30.32% in the first quarter of this year.</p> <p style="text-align:justify">In comparison to other markets, the average export price of Vietnamese coffee in the fastidious market remains relatively low, standing at US$1,991 per tonne.</p> <p style="text-align:justify">However, the average export price to the market in April recorded a positive sign, at US$2,458 per tonne, representing an increase of 15.8% over the same period last year.</p> <p style="text-align:justify">Industry experts say the price of Vietnamese coffee remains the lowest in the world, particularly as the country’s processed coffee brand has yet to secure a firm foothold in the global market.</p> <p style="text-align:justify">The coffee industry has been advised to focus on developing processed coffee products, such as roasted coffee and instant coffee, in a bid to increase the added value and export value of coffee to foreign markets, including Japan, in the future.</p> <p style="text-align:justify"><em><strong>https://english.vov.vn/</strong></em></p>
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