VOV.VN - Vietnam has fallen to second place among coffee suppliers to Thailand, as Laos has unexpectedly claimed the top position, according to recent data released by the International Trade Centre (ITC).
ITC statistics show Vietnam exported 1,360 tonnes of coffee worth US$7.43 million to Thailand in the first two months of the year, representing a 64.7% decrease in volume and a 35.6% decline in value year on year. Consequently, its share of Thailand’s coffee imports dropped from 54.54% to 24.29%.
Laos emerged as Thailand’s top supplier in this period, exporting 3,460 tonnes worth US$13.4 million, up 16.2% in volume and 48.5% in value. Its market share in Thailand’s coffee imports rose dramatically from 42.2% to 61.7%.
Overall, Thailand imported 5,600 tonnes of coffee worth US$27.1 million in two months, a 20.5% decrease in volume but a 12.6% increase in value.
Thailand also increased its coffee imports from other countries, including Indonesia, Malaysia, and Brazil, during the reviewed period, further intensifying competition in the market.
Vietnam exported 309,505 tonnes of coffee, earning approximately US$1.72 billion in the first two months of this year, according to the Department of Customs.
VOV.VN - The surge in coffee prices has propelled the export value of the commodity to reach a record high of US$1.16 billion in March, marking a sharp rise of 72% compared to the same period last year, according to the Ministry of Agriculture and Environment.
VOV.VN - Vietnam fetchedapproximately US$2.28 billion from exporting 406,637 tonnes of coffee by mid-March, marking a significant increase compared to the same period last year, according to Vietnam Customs.
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