Vietnam is a prospective market for the export of coffee, cashew nuts, and wood pellets to the Netherlands and other European nations.
As a result, businesses will benefit from having a better understanding if they can capture the domestic and export prices of these goods in Vietnam as well as in other possible exporting nations with rankings similar to Vietnam.
By reading this article, you can better understand the market prices for coffee, cashew nuts, and wood pellets in Vietnam and those nations.
I. Coffee
4 Statistics about Vietnamese Coffee
1. Vietnam is the second-largest coffee exporter in the world, right after Brazil. From 2011 to 2018, the country’s coffee exports increased by 8.2% a year, averaging 3.13 billion USD.
2. More than 80 countries and territories import coffee goods from Vietnam, which holds a 14.2% market share in worldwide coffee exports.
3. From 2017 to 2022, more than 30 million bags of coffee have been exported annually to nations like the US, Germany, and Italy.
4. Robusta makes up around 95% of Vietnam’s total coffee production and is the primary kind of coffee exported to other nations. Meanwhile, 4%–5% of Vietnam’s total coffee production is exported as Arabica coffee.
Vietnam’s Domestic Coffee Price
On October 28, Vietnamese coffee will cost between 41,000 and 41,600 VND per kilogram ($1.65 – $1.67 / kg).
The price of Arabica held steady while that of Robusta grew marginally.
| Places in Vietnam | Price/ kg (VND) | Price/ kg (USD) |
|---|---|---|
| Di Linh | 41.000 | 1.65 |
| Lam Ha | 41.000 | 1.65 |
| Bao Loc | 41.000 | 1.65 |
| Dak Lak | 41.500 – 41.600 | 1.67 |
| Kon Tum | 41.600 | 1.67 |
Vietnamese Coffee Export Price
In the first eight months of 2022, Vietnam’s coffee was predicted to have sold for $2,268 per ton on average, a 21.7% increase over the same time in 2021.
Specifically, the average export price of coffee from Vietnam in August 2022 was expected to be $2,336 per ton, up 1.6% from July 2022 and 16.1% from August 2021.
Wholesale Price of Brazil’s Coffee
Brief Overview of Brazilian Coffee Market
With more than 30% of global production under its control, Brazil is by far the biggest producer of coffee.
More than 55 million bags of coffee are produced in Brazil annually. The Arabica variety made up around 10% of all the coffee exported, while the Robusta species made up 5%.
Domestic Price of Brazilian Coffee
Brazil coffee is expected to cost between $2.05 – $2.39 per kilogram in 2022, or between US$ 0.93 and US$ 1.08 a pound (lb).
The cost is 11.25 Brazilian Reals per kilogram. The average cost of a tonne in Rio de Janeiro and Brasilia is US$2054.34.
In 2019, the price of bringing coffee into Brazil was US$19.88 per kg.
Summary
Vietnam’s Domestic Coffee Price: $1.65 – 1.67 / kg
Vietnamese Coffee Export Price: $2.268 / kg (average)
Brazilian Coffee’s Wholesale Price: $ 2.05 – 2.39 / kg
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II. Cashew Nuts
Vietnam – A leader of Cashew Nuts Exporter in The World
The amazing export revenue of Vietnam in 2021 is 3.63 billion USD, up 13% from the previous year.
Vietnamese cashew nut exports reached 49,000 tons in April 2022, valued at 290 million USD, an increase of 22% in volume and 21% in value over March.
Since Vietnam is the world’s largest producer of cashew nuts, it has exported its products to more than 50 nations, including the US, Europe, and China.
The Netherlands, Germany, the United Kingdom, and Italy are among the top 10 countries that import Vietnamese cashew nuts.
Click here for more information about importing Cashew Nuts from Vietnam
Vietnamese Cashew Nuts’ Domestic Price
In 2011, the cost of raw cashew nuts ranged from $1.01 to $1.05/kg.
In February 2022, the cost of raw cashew nuts was $1.17 – $1.22 per kilogram, hardly increasing from 2011 prices by $0.21.
| Vietnamese Raw Cashew Nuts | Average cost of 1 kilogram |
|---|---|
| Dong Nai | $1.17 |
| Ba Ria – Vung Tau | $1.13 |
| Binh Phuoc | $1.09 – $1.17 |
| Kon Tum | $1.09 – $1.13 |
| Dak Lak | $1.05 |
| Lam Dong | $1.05 |
Price of Cashew Nut Exports to Traditional Markets in 2022
The pricing of cashew nuts exported to overseas markets vary because different markets have different demands for different cashew kernel sizes.
| Nuts Types for Export | Market | Average cost of 1 kilogram |
|---|---|---|
| W320 | The US | 9 USD/kg |
| W180 | China | 7578 USD/ton |
| W320 | The Netherlands | 7300 USD/ton |
| W240 | The Netherlands | 7800 USD/ton |
| W210 | The Netherlands | 8200 USD/ton |
| W320 | India | 8500 USD/ton |
| W320 | Korea | 7100 USD/ton |
| W320 | Hong Kong | 7600 – 7700 USD/ton |
| W320 | Taiwan | 7200 USD/ton |
| W180 | Papua New Guinea | 7100 USD/ton |
| The UK | 6300 USD/ton | |
| Saudi Arabia | From 6500 USD/ton |
III. Wood Pellets
What exactly are wood pellets?
A popular sustainable fuel is wood pellets, which are produced from scrap pine or rubber wood (sawdust and wood chips…). A pellet line compresses these materials under great pressure to produce wood pellets.
Overview of Vietnamese Wood Pellets Market
Vietnam is the world’s second-largest exporter of wood pellets behind the United States.
Vietnam has a capacity of 2.5 million tons yearly (Viforest), with constantly rising production and price (according to the Wood and Forest Products Association).
The export turnover of this commodity has climbed the most since 2018, and export revenue nearly doubled from the previous year (2017). After that, the growth rate stayed constant at 10–20 percent annually.
Vietnamese Wood Pellets Export Price
Sawdust and waste pellets used as fuel for boilers: 0.1 USD/ kg
100% new pellet: 126.42 USD/ ton
Wood pellets without heat treatment: 127.46 USD/ ton
Wood pellets from trash sawdust (rubberwood, yellow cotton Melaleuca): 152 USD/ ton
Sawdust pellets from rubber mulch: 138 USD/ ton
Wood pellets from sawdust, pine, and melaleuca: 137 USD/ ton
* Notable: Export price to the EU : 180-200 USD/ton (in 2022)
U.S. Wood Pellets Price per Ton
Brief Overview of the US Wood Pellets Market
The United States is the world’s largest exporter of wood pellets, most of which are destined for the EU, including the UK (80.0 percent), Belgium (10.5 percent), and Denmark (7.3 percent). (figure 1)
During the first half of 2022, the total amount of wood pellets exported from the United States was 4.32 million metric tons, valued at $731.2 million, up from 3.58 million metric tons, valued at $514.83 million, during the same period in 2017.
Domestic Price
The price of the US wood pellets was $178/ ton (FOB, US) in May 2022, a decrease of -19.4% from the previous month.
Export Price
The month of April 2022 saw the highest growth rate, with a month-over-month increase of 39%. As a result, the export price rose to its peak of $221 per ton before sharply declining the following month.
In May 2022, the average export price of wood pellets varied considerably:
The UK : $195 per ton
Denmark: $170 per ton
Belgium: $155 per ton
Netherlands: $157 per ton
Click for more information about Importing Vietnamese Wood Pellets
Conclusion
To import the above popular products, it is necessary to grasp and predict the market conditions, trends and prices, especially from potential exporters such as Vietnam.
The above information about coffee, cashew nuts, and wood pellets is just a small aspect of the market.
If your business plans to import Vietnamese commodities, an expert advisor will solve all your problems.
Compared to many businesses, VIEC has a deep understanding of import and export, with more than 11 years of cooperating with large, medium, and small enterprises.
We will bring you higher profits with our top-notch import-export advisory!
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