Poland increases imports of Vietnamese coffee

21-Jan-2021 Intellasia | VOV | 6:02 AM Print This Post

Poland imported a total of 11,100 tonnes of coffee with a value of $18.42 million from Vietnam during 9-month period last year, representing an increase of 30.6 percent in volume and 27.1 percent in value against the same period in 2019, according to figures compiled by the Ministry of Industry and Trade (MoIT).

The MoIT’s Import and Export Department cited statistics released by the International Trade centre (ITC) which indicate that Poland’s coffee imports throughout the 2015 to 2019 period grew by an average of 6.5 percent annually, from 141,144 tonnes in 2015 to a total of 181,086 tonnes in 2019.

During the nine-month period, the Eastern European country’s coffee imports reached 136,300 tonnes with a value of $448.71 million, showing an increase of 2.7 percent in volume and 6.7 percent in value from the same period in 2019.

Most notably, the average import price of coffee within the Polish market witnessed a surge of 3.9 percent to $3,291 per tonne compared to last year’s corresponding period.

Throughout the reviewed period, Poland increased its coffee imports from the majority of its regular markets, although imports from both Germany and Uganda declined.

The figures indicate that the Eastern European nation increased coffee imports from Vietnam by 30.6 percent in volume and 27.1 percent in value, with the Vietnamese coffee’s market share in the European nation’s total imports accounting for 8.13%.

According to statistics released by the Import and Export Department, the domestic coffee price at the start of the year saw a decrease, with coffee prices falling from VND700 to VND800 per kilo.

https://english.vov.vn/en/economy/poland-increases-imports-of-vietnamese-coffee-831604.vov

 

Category: Economy, Vietnam

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