Australia reduces coffee imports from Vietnam
Vietnam’s coffee exports to Australia made up 13.08% of Australia's total coffee imports during the opening four months of the year, much lower than the figure of 19.02% recorded in the corresponding period of 2020, according to the Ministry of Industry and Trade.
Data released by the International Trade Center indicate that Australia imported 35,520 tonnes of coffee worth US$162.93 million throughout the reviewed period, representing annual rises of 7.2% in volume and 24.6% in value.
The average import price of coffee in the Australian market surged by 16.2% to reach US$4,587 per tonne compared to last year’s corresponding period.
The International Trade Center said Australia imported 9,730 tonnes of coffee worth US$26.83 million from Brazil during the four-month period, up 26.5% in volume and up 26.8% in value, making up 27.4% of its market share.
While Australia increased coffee imports from the majority of suppliers, it reduced imports from the Vietnamese market. Data show it consumed 4,650 tonnes of coffee from Vietnam worth US$7.9 million, dropping 26.3% in volume and 29.8% in value.
Australians have consumed more coffee during the pandemic time as they are required to stay at home due to lockdowns, a fact that presents greater opportunities for businesses to boost their coffee exports to Australia, according to experts.
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