DUBLIN, May. 10, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Research Report on Coffee Industry in Vietnam, 2017-2021" report to their offering.
According to the report, Vietnamese coffee is popular throughout the world. The export volume and value present a fast growing trend. During 1991-1995, the annual export volume of Vietnamese coffee beans was only 142,000 tons, with the annual export value of only USD 210 million. During 2006-2016, the export volume exceeded 1 million tons with the highest yearly export value exceeding USD 3 billion.
The coffee trees planted in Vietnam are mainly Robusta and Arabica coffee. Southern Vietnam is humid and hot, suitable for growing Robusta whereas the northern part is suitable for Arabica. In 2014, total coffee cultivation area in Vietnam was 653,000 hectare, increasing by 2.7% YOY. This was 30 times the area in 1961. Export value of coffee beans accounts for around 15% to 20% of the total export of agricultural products in Vietnam. Commercial coffee production provides jobs for over 500,000 farmers with income growth.
Presently, Vietnam forms strong production capacity of coffee bean rough processing and deep processing. The designed rough processing capacity is 1.5 million tons/year, coffee bean baking and coffee powder processing capacity is 52,000 tons/year and instant coffee production capacity is 36,500 tons/year.
The proportion of baking and instant coffee deep processing with high added-value is growing. Vinacafe, Trung Nguyen, An Thai, Me Trang and Phuong Vy are famous coffee brands recognized by consumers. Meanwhile, coffee processing devices and facilities made in Vietnam are sold to the domestic and foreign markets.
Coffee is very cheap in Vietnam and is a favorite drink of the Vietnamese. According to the report investigation, the price of a cup of coffee is low to only USD 0.5 in Vietnamese street, which is affordable for any class of the society.
According to the report, the planting area of coffee beans expands continuously in Vietnam. The output volume grows accordingly, which promotes the processing, sales and export of coffee beans. Coffee has formed a complete industry chain in Vietnam, which is also an important part of Vietnamese economy providing millions of job opportunities.
Key Topics Covered:
1 Overview of Vietnam
2 Development Environment of Vietnamese Coffee Industry
3 Supply and Demand of Vietnamese Coffee Industry
4 Export of Coffee Beans in Vietnam
5 Market Competition in Coffee Industry in Vietnam
6 Analysis on Major Domestic Coffee Brands in Vietnam
7 Prospect of Vietnamese Coffee Industry, 2017-2021
- An Giang Coffee
- An Thai
- Highlands Coffee
- Me Trang
- Phuong Vy
- Trung Nguyen
For more information about this report visit http://www.researchandmarkets.com/research/8k45pt/research_report
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SOURCE Research and Markets