Healthy increases at the expense of coffee bean exports, as more processors open facilities.
The Vietnam Coffee and Cocoa Association (Vicofa) has predicted processed coffee exports will increase 25 per cent this year compared to 2014.
Vietnam has recently focused more on the export of processed coffee (roasted, soluble coffee). Figures from Vietnam Customs put exports in the first nine months of the year at 52,000 tons worth $226 million. A 25 per cent increase against 2014 would bring the total to 68,000 tons for the year, worth $300 million.
Exports of coffee beans, meanwhile, have been up and down in recent times. In 2012 1.7 million tons were exported, falling in 2013 to 1.2 million tons before rising to 1.6 million tons in 2014. In the first nine months of the year the figure stood at only 900,000 tons.
Vicofa identified two main reasons for the decline in coffee bean exports. The first is inclement weather affecting last season’s harvest, with crop yields falling 20 per cent, and the second is foreign firms buying coffee processing plants along with the development of many small companies processing coffee, cutting into exports of coffee beans.
Few countries have recorded such impressive growth in processed coffee exports like Vietnam. The association has forecast that the current trend will continue, with coffee bean exports falling and being replaced by processed coffee exports.