VIETNAM IS ONE OF THE LARGEST COFFEE SUPPLIERS TO SPAIN IN THE WORLD

 DEMAND FOR COFFEE IN SPAIN

Based on various surveys conducted in Spain, it has been observed that people of almost every age group residing in Spain consume coffee. In statistical terms, close to 87% of the total population who falls in the age bracket of 18-64 years consumes coffee and out of them almost 70% of the people drink coffee daily. Coffee is considered the best beverage available in Spain.

On average, every individual in Spain consumes 2.2 cups of coffee daily. People prefer to consume coffee at their homes the most (61%), followed by bars and restaurants (26%), and then finally at work (21%). Moreover, at breakfast, almost 76% of the total Spanish people drink coffee and 61% consume it after lunch or in the afternoon. This report was published by one of the renowned cafes in Spain.

It has also been observed that as the Spaniards become older, their demand for coffee rises and keeps on rising till they become at least 55 years old. The research mentions that out of all people who fall in the age bracket of 45-54 years, 93% of them drink coffee on regular basis, these are then followed by the people of the age bracket 35-44 years (89%), and finally, the people who are between 18-34 years (78%). Nowadays, a new trend of capsule coffee has arisen in Spain, wherein almost 70% of the country’s population procures this machine, and out of them, 56% of the population uses it almost daily.

It is predicted that the Spanish coffee market would reach USD 282.2 million by the end of the year 2023 and will capture almost 98% of the total hot beverage industry of the country. The estimated CAGR of the coffee market for the next four years would be close to 20% and is estimated to cross the benchmark of USD 584 million by 2027.

VIETNAM EXPORTS COFFEE TO SPAIN THE MOST

As per the most recent Vietnam Trade Data report for the month of March 2023, Vietnam is considered the biggest supplier of coffee to Spain with total export units of 113,550 tons costing approximately 269 million euros or USD 287 million. These values are more as compared to 2021 in terms of volume (+21.6%) and value (+78.9%). As per Vietnam Export Data for March 2023, Vietnam exported coffee to Spain which was worth 1.37 billion euros or USD 1.46 billion in terms of value and 376,450 tons in terms of volume. With this, the country registered a rise of 11% in volume and 48% in value as compared to the previous year.

Let’s have a look at the trend of exporting coffee to Spain from Vietnam for the last 5 years (2017-2021) to understand Vietnam Trade Data better.

VIETNAM COFFEE EXPORTS TO SPAIN (2017-21)
YEAR	EXPORTS TO SPAIN	REMARKS
2017	USD 219.26 million	VIETNAM IS ONE OF THE LARGEST COFFEE EXPORTERS TO SPAIN
2018	USD 218.14 million
2019	USD 207.64 million
2020	USD 147.58 million
2021	USD 122.10 million

 

From this table, we can analyze how crucial the exports of coffee from Vietnam to Spain are. Indeed, the Vietnam Export Data is dominated by exports of coffee not only to Spain but to other countries also like Germany, the USA, Italy, and Japan. In the year 2019-2020, exports of coffee from Vietnam increased several folds to countries like Japan, Ireland, and the Philippines.

APART FROM EXPORTING, DOES VIETNAM IMPORTS COFFEE?

The simple answer to this question is, yes. Vietnam also imports coffee from other nations as mentioned in Vietnam Import Data every year. As per the data for the year 2020, Vietnam imported coffee worth USD 91.2 million and became the 49^th biggest country to import coffee of this much amount. Names of some of the major countries that are mentioned in Vietnam Import data of 2020 from whom Vietnam Imported coffee were:

·        Laos (USD 55.5 million)

·        Indonesia (USD 9.81 million)

·        Brazil (USD 9.40 million)

·        China (USD 6.25 million)

·        Cote d’Ivoire (USD 1.62 million)

 

CONCLUSION

We hope that you got some useful insights after studying our report. In the end, we would just like to mention that indeed, Vietnam was the largest exporter of coffee to Spain for many years and we hope that this remains unchanged and that the trade relations between both countries keep on growing stronger.

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Vietnam Export Data