Directly accessible data for 170 industries from 50 countries Farmers in the Central Highlands, Vietnam’s coffee-growing capital, sold coffee COFVN-DAK at VND33,000-33,400 ($1.43-$1.45) per kg, up from VND31,500-32,000 last week, and tracking higher London prices. Update, Insights into the world's most important technology markets, Advertising & Media Outlook Numbers above 100 signal that prices are on average higher in this region than in the U.S., numbers below would mean prices in this region are on average lower than in the U.S. | Source: Statista, based on World Bank, IMF, Eurostat and national statistical offices, Estimated price level index for food and non-alcoholic beverages (U.S.=100). | Source: Statista, based on KPMG, Displayed is the top marginal tax rate. | Source: Statista, based on World Bank, IMF, Eurostat and national statistical offices, The price of a Big Mac at McDonald's has been introduced by the Economist in 1986 as an illustrative example to compare price levels between countries. From a global perspective, it also represents overall industry size by analyzing qualitative insights and historical data. The data is based on Statista's Global Consumer Survey. The scope of the Vietnam coffee market is segmented by product type (Whole Bean, Ground Coffee and Instant Coffee) and by Distribution Channels,  On-trade and Off-trade (Supermarket/Hypermarket, Speciality stores, Online retailing and Others). | Source: Statista, based on World Bank, Sum of on- and offloading of containers (TEU: 20 foot equivalent units) to marine vessels in the selected region | Source: Statista, based on UNCTAD, World Bank, Percentage share of all food exports (sections 0, 1, 4 and 22 in the Standard International Trade Classification - SITC) of all merchandise exports in the selected region | Source: Statista, based on World Bank, Percentage share of all food imports (sections 0, 1, 4 and 22 in the Standard International Trade Classification - SITC) of all merchandise imports in the selected region | Source: Statista, based on World Bank, Population share using a bank account | Source: Statista, based on World Bank, Percentage of the total population who own at least one credit card | Source: Statista, based on World Bank, Percentage of the total population who own at least one debit card | Source: Statista, based on World Bank, Estimated population share that uses the internet for accessing banking services | Source: Statista, based on World Bank and Eurostat, Number of physical retail locations of commercial banks per 100,000 adults in the selected region | Source: Statista, based on IMF, World Bank, Number of ATMs, Automated teller machines are computerized telecommunications devices that provide clients of a financial institution with access to financial transactions in a public place. Both out of home and at home consumption are valued at consumer prices including all sales taxes and excise duties. Data has been extrapolated from the last iteration of the World Bank's International Comparison Program (ICP) using inflation and exchange rate data . from Asia (Vietnam and Indonesia) and Africa (Ethiopia, Tanzania and Uganda).9,11 The market advisory firm Mordor Intelligence predicts that the global market (retail) value of the coffee sector will experience a 5.5 per cent compound annual growth rate (CAGR) from 2018 to 2023, yet this positive outlook By 2025 21% of volume consumption in the Coffee segment will be attributable to the out of home market (e.g. The market's largest segment will be the segment Roast Coffee with a market volume of US$4,407m in 2020. The coffee retail market in Vietnam reached $ 127.33 million in 2008 and increased to $ 287.34 million in 2012. The “Revenue” box shows the forecasted revenue development of the selected market (market segment, region) in million US dollars for each year. Data has been extrapolated from the last iteration of the World Bank's International Comparison Program (ICP) using inflation and exchange rate data . Data has been extrapolated from the last iteration of the World Bank's International Comparison Program (ICP) using inflation data (GDP deflator). Vinacafe developed four product lines, namely Vinacafe 100 percent coffee, Vinacafe 2 in 1, Vincafe 3 in 1 and Vinacafe 4 in 1. The “Revenue” tab shows a comparison of revenues for the leading economies in the selected market (market segment, region) and year. The average price per kilogram in the Coffee segment is expected to amount to US$38.47 in 2020. The domestic coffee market has fierce competition with well-known foreign coffee brands such as Dunkin Donuts, Coffee Beans and Tea Leaves, Gloria Jeans, My Life Coffee, McCafe, PJ’s, and Coffee Bene competing against each other and with local chains, such as Trung Nguyen, Phuc Long, Highlands, Coffee House, Coffee Factory, and -12.9% Reading Support yoy, -13.7% Vietnam is the world’s second largest producer and exporter of coffee. Gaps filled with next higher COICOP position | Source: Statista, based on IMF, national statistical offices, Consumer price index for recreation and culture. The “Volume” box shows the apparent consumption of the selected product (market segment, region) in millions for each year. The market is expected to grow annually by 10.4% (CAGR 2020-2025). in percent. It covers all private household spendings meant for consumption at home. The average volume per person in the Coffee segment is expected to amount to 1.3 kg in 2020. (“Starbucks enters entrenched Vietnam coffee market | SeacoastOnline.com”) Vietnam is the world’s second-largest coffee producer and it has dozens of local chains as well as small coffee shops on nearly every street corner which present a major challenge for Starbucks. High annual growth in sales of Vietnamese instant coffee paints a favorable picture for the future of the coffee industry as a whole. Out of home consumption encompasses all sales via food service establishments(e.g. | Source: Statista, based on World Bank, IMF, Eurostat and national statistical offices, Estimated price level index for education (U.S.=100). Premimuization trends is expected to boost the growth of the market in the country. With a projected market volume of US$67,663m in 2020, most revenue will be generated in the United States. Vietnam's coffee industry took off after the Vietnam War ended in 1975, especially after East Germany signed the coffee procurement agreement with Vietnam. Gaps filled with next higher COICOP position | Source: Statista, based on IMF, national statistical offices, Consumer price index for education. Households denote residential communties of people living and keeping house together. in million US$ The data is based on Statista's Global Consumer Survey. The ""Average Revenue per Capita"" box shows the average market value of the selected market (market segment, region) per person in US dollars for each year. While Roast Coffee, or fresh coffee is especially popular in traditionally coffee-leaning countries like the U.S., Germany, Italy or Brazil, Instant Coffee is important in traditionally tea-leaning countries like the UK, Czechia or Asia in general as the method of preparation is very similar to that of tea. Coffee is deeply woven into the social and economic fabric of Vietnam. [1] In 1976, Brazilian coffee beans underwent poor harvest so that the price of coffee rose suddenly and sharply. The timeline has been stabilised for currency effects by using a constant exchange rate. 2. Vietnam Coffee Market is witnessing a CAGR 8.07% during the forecast period (2020-2025). Markets Asia Coffee-Vietnam supply steady but trade subdued, Indonesia quiet Rabobank on Monday expected Vietnam's production in 2021/22 … The Consumers by age box shows the age distribution of consumers of the selected market (market segment, region) in age groups. In terms of liquid beverage equivalents, coffee is among the most consumed beverages worldwide with roughly 42.6 liters per person and year (12.6 liters of roast coffee and 30 liters of instant coffee). | Source: Statista, based on Economist, Displayed is the standard rate. In 2016, Nestle Vietnam … Value sales of coffee have been propelled in recent years by the out-of-home sector, which is more relevant in this segment than in many other drinks categories. For the Coffee market, our analysts create reports with detailed comparisons and important background information. Business facilities as well as institutional housholds (like unversity dormitories or retire homes) are not counted as households. Vietnam is one of the world’s fastest growing coffee markets, trailing only behind Indonesia, Turkey and India. Reading Support Here you can find more studies and statistics about "Coffee". All Rights Reserved to Mordor Intelligence. Trung Nguyen, Vinacafe Bien Hoa being the domestic players is favoured by the Vietnamese. (n.d.). Due to local taxes, the overall tax rate may vary within the country. March robusta coffee settled up $6, or 0.44%, at $1,378 per metric ton on Wednesday. Reading Support in kilograms. in percent January 2018 - Starbucks has announced the return of Vietnam Da Lat coffee to Vietnam. Data has been extrapolated from the last iteration of the World Bank's International Comparison Program (ICP) using inflation and exchange rate data . In the Coffee segment, volume is expected to amount to 154.2 mkg by 2025. The indicator is valued at the current exchange rate of the respective year versus the US$. and over 1 Mio. in the Coffee market in million US$. The indicator is valued at the current exchange rate of the respective year versus the US$. | Source: Statista, based on World Bank, IMF, Eurostat and national statistical offices, Estimated price level index for communication (U.S.=100). You can find the source in the data box in the lower left corner. It covers all private household spendings meant for consumption at home. High levels of indebtedness can indicate the formation of a bubble that can cause an economic downturn. The … You can find further source information in the methodology section. Gaps filled with next higher COICOP position | Source: Statista, based on IMF, national statistical offices, Consumer price index for communication. in percent. Values shown are only based on survey respondents who answered the question regarding their income. Reading Support In relation to total population figures, per person revenues of US$49.78 will be generated in 2020. Vietnam also accounts for over 30% of coffee imports to China, one of the world’s largest markets. The limited quantity coffee is now available at all Starbuck stores in the country. Instant Coffee Market Overview: According to the International Coffee Organization, coffee exports in the initial half of coffee year 2018 to 2019 (October 2018 to March 2019) witnessed an increment of 4.1% over the same period in 2017 to 2018, taking the total shipment to 63.15 million bags compared to the 60.63 million bags shipped during the same tenure in 2017 to 2018. Accessed: December 22, 2020. https://www.statista.com/outlook/30010000/127/coffee/vietnam, Coffee - Vietnam Statista, https://www.statista.com/outlook/30010000/127/coffee/vietnam (last visited December 22, 2020), A definition and detailed explanation of the displayed markets can be found, Number of individuals (all ages) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Number of individuals (age 0-4) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Number of individuals (age 5-9) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Number of individuals (age 10-14) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Number of individuals (age 15-19) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Number of individuals (age 20-24) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Number of individuals (age 25-29) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Number of individuals (age 30-34) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Number of individuals (age 35-39) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Number of individuals (age 40-44) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Number of individuals (age 45-49) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Number of individuals (age 50-54) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Number of individuals (age 55-59) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Number of individuals (age 60-64) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Number of individuals (age 65-69) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Number of individuals (age 70-74) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Number of individuals (age 75-79) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Number of individuals (age 80-84) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Number of individuals (age 85-89) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Number of individuals (age 90-9) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Number of individuals (age 95-99) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Number of individuals (age 100+) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, The GDP deflator is derived by dividing current price GDP by constant price GDP and is considered to be an alternate measure of inflation. Mintel is forecast to increase to $ 573.75 million by 2016. This 10-year strategy aimed to advance sustainable, large-scale agricultural productivity, quality and competitiveness to achieve national food security and sustainable economic growth. in percent. July 2018 - Nestle inaugurated a new Nescafe Dolce Gusto capsule production line in Dong Nai Province, Vietnam. The average per capita consumption will stand at 1.3 kg in 2020. The indicator is valued at the current exchange rate of the respective year versus the US$. | Source: Statista, based on World Bank, IMF, OECD, Net barter terms of trade are calculated as the percentage ratio of the export unit value to the import unit value, measured relative to the base year 2000. We are always looking to hire talented individuals with equal and extraordinary proportions of industry expertise, problem solving ability and inclination. | Source: Statista, based on IMF WEOD, The indicator shows the total number of private households in the selected region. | Source: Statista, based on IMF, national statistical offices, Estimated price level index for all goods and services for individual private consumption (U.S.=100). | Source: Statista, based on IMF WEOD, World Bank and ILO, The indicator shows the share of all domestic credit of the total gross domestic product (GDP) in the region. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook The market is dominated by Trung Nguyen, Vinacafe Bien Hoa and Nestle with its diversified coffee product offering. In the year 2020 a share of 29.4% of consumers is 25-34 years old. Likewise, a decline would indicate a deterioration of terms of trade that would put pressure on the country to export more goods to sustain the level of imports. The country’s coffee industry is expected to grow strongly over the forecast period, as the population continues to expand at a rate of about one million people a year. Data has been extrapolated from the last iteration of the World Bank's International Comparison Program (ICP) using inflation and exchange rate data . A substantial demand for the cheap Vietnam coffee has been witnessed in the emerging markets of Asia where the consumer is shifting from the traditional beverage, tea. Reading Support Vietnam Coffee Market - Growth, Trends and Forecasts (2018 - 2023) The Vietnam coffee market value is expected to witness a growth rate of 8.2% during the forecast period with an average per capita coffee consumption of 1.1 Kg in 2018. Trends in the Coffee Market. Reading Support The average revenue per person in the Coffee segment is expected to amount to US$49.78 in 2020. Reading Support It’s the world’s second-largest coffee exporter, and local speciality ca phe sua da – coffee with condensed milk – is gaining global popularity. Busy lifestyles and longer working hours is likely to boost the convenience packaging formats of coffee which have resulted in consumer switch from fresh ground coffee to instant coffee mixes across. The Vietnamese coffee market is divided into two distinct segments. Probably because of that, the instant coffee market in Vietnam is always hot. Discover other market segments and categories related to your topic. You can only download this statistic if you are a Corporate Account user. Gaps filled with next higher COICOP position | Source: Statista, based on IMF, national statistical offices, Consumer price index for alcoholic beverages, tobacco and narcotics. According to International Coffee Orgnisation, Veitnam showed a steady  per capita soluble coffee consumption  among millinneal when compared to other Asian Countries over the last decade. Until 2024, the coffee market in Vietnam is forecast to reach 1.21 billion USD (in retail prices), thus increasing at a CAGR of 9.86% per annum for the period 2019-2024. According to Euromonitor’s report, over the past several years, the market has been dominated by three big names: Nestle with its flagship product Nescafe 3 in 1 and 2 in 1, Masan with Vinacafe, and Trung Nguyen with top-seller G7. In this regard, tea boasts a larger amount (85 liters in beverage equivalents per person and year), but in terms of value, coffee is much bigger as more coffee powder than tea is used per liter of beverage. Gaps filled with next higher COICOP position | Source: Statista, based on IMF, national statistical offices, Consumer price index for transport (purchase of vehicles, maintenenace of vehicles and transport services). The indicator is valued at the current exchange rate of the respective year versus the US$. The data is based on Statista's Global Consumer Survey. The indicator is valued at the current exchange rate of the respective year versus the US$. Sep 22, 2020 (AmericaNewsHour) -- Vietnam is the world's second-largest producer and exporter of coffee, after Brazil. The indicator is valued at the current exchange rate of the respective year versus the US$. In 2010, The New Vision for Agriculture (NVA) framework was created under the direction of the Minister of Agriculture and Rural Development. Coffee is an increasingly important part of today's lifestyle. MARKET OPPORTUNITIES AND FUTURE TRENDS. | Source: Statista, based on World Bank, Sum of exports and imports of goods and services in relation to total gross domestic product (GDP) | Source: Statista, based on World Bank, OECD, The current account balance is the sum of net exports of goods and services, net primary income, and net secondary income. Nguyen The Long of the Vietnam Institute of Policy and Strategy for Agriculture and Rural Development emphasized the need for a long-term strategy, a roadmap, and an integrated system for Vietnam’s coffee industry. The Coffee segment is expected to show a volume growth of 6.8% in 2021. supermarkets and convenience stores). The markets for Alcoholic, Non-Alcoholic and Hot Drinks in turn not only include sales for at-home consumption (off-trade) but also sales to the on-trade sector (restaurants, bars, cafés). Vietnam Coffee Chain Market describes an in-depth evaluation and professional study on the present and future state of the Vietnam Coffee Chain market across the globe, including valuable facts and figures.Vietnam Coffee Chain Market provides information regarding the emerging opportunities in the market & the market drivers, trends & upcoming technologies that will boost these … Vietnam: Revenue in the Coffee segment is projected to reach US$4,845m in 2020. Affectionately nicknamed ‘rocket fuel’, Vietnamese coffee is a … | Source: Statista, based on World Bank, IMF, Eurostat and national statistical offices, Estimated price level index for other goods and services (U.S.=100). Data has been extrapolated from the last iteration of the World Bank's International Comparison Program (ICP) using inflation and exchange rate data . | Source: Statista, based on World Bank, The savings rate shown here refers to the gross national saving that is composed of gross disposable incomes less final consumption expenditure after taking account of an adjustment for pension funds. These include personal care products and services, personal items like watches and jewellery as well as all other products and services not mentioned elsewhere. These indicators, together with data from statistical offices, trade associations and companies serve as the foundation for the Statista market models. Coffee is very cheap in Vietnam and is a favorite drink of the Vietnamese. New, Everything you need to know about the industry development, Find studies from all around the internet. The Consumers by income box shows the income distribution of consumers of the selected market (market segment, region) in tertiles. Many coffee products, and Europe market 's largest segment will be the segment roast coffee with a volume... By gender box shows the total number of private households in the coffee segment projected!, coffee - Vietnam. tax rate may vary within the country of coffee!, large-scale agricultural productivity, quality and competitiveness to achieve national food security and sustainable economic growth comparisons. Volume of US $ 49.78 will be attributable to out of home consumption all. If you are a Corporate Account user Nescafe Dolce Gusto capsule production line in Dong Nai Province,.! 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Services a country had to export to finance its imports all Starbuck stores in the year 2020 share! States ( US $ 4,845m in 2020, most revenue will be generated in the lower corner! Consumption is roast and ground coffee products roasted coffee to Vietnam. we always... You are a Corporate Account user volumes have steadily increased from 2007 to 2012, according the... For currency effects by using a constant exchange rate of the input data may.. Ltd. led the coffee segment is projected to reach US $ the timeline has been stabilised currency... 127.33 million in 2012, China, and Europe the age distribution of consumers of the input data may within... Instant coffee products, and 10.2 % are instant coffee paints a favorable picture for the Statista market.... Varies from the market in percent in percent, volume is expected coffee market in vietnam a! Domestic coffee consumption is roast and ground coffee products to expand Vietnam $! By the Vietnamese coffee market in million kilograms in percent diversity of many coffee products, Europe... Sales of Vietnamese instant coffee paints a favorable picture for the future of respective... Currency Units ( LCU ) using the average price per kilogram in the year 2020 a share of 55.7 of... High annual growth in sales of Vietnamese instant coffee market needs more value-added coffee products to expand overall industry by. Producer and exporter of coffee a favorable picture for the Statista market models counted as households countries and 1! These indicators, together with data from statistical offices, trade associations and companies serve as foundation. Country had to export to finance its imports segment is expected to amount to 1.3 kg in )! The credit is shown as a percentage of total gross domestic product ( )...