Vietnamese coffee export prices to the UK have surged significantly, with the average price reaching $3,941 per tonne in the first half of 2024, marking a remarkable increase of 68.4% compared to the previous year.
This surge is attributed to various factors, including the recovery of the UK economy post-COVID-19, increased demand for high-quality coffee, and the favorable terms of the UK-Vietnam Free Trade Agreement (UKVFTA), which has eliminated tariffs on coffee exports. As a result, Vietnamese coffee exports to the UK are expected to continue growing, reflecting the country's strong position in the global coffee market.
Citations:
[1] https://antidumping.vn/vietnamese-coffee-export-prices-to-uk-surge-n27584.html
[2] https://vietnamnews.vn/economy/1313293/ukvfta-leads-to-surge-in-vietnamese-coffee-exports-to-uk.html
[3] https://vietnamnews.vn/economy/1660079/vietnamese-coffee-export-prices-to-the-united-kingdom-surge.html
[4] https://wavbc.org.au/vietnamese-coffee-export-prices-to-the-united-kingdom-surge/
[5] https://kaifarm.uk/vietnamese-coffee-the-dynamics-of-the-sudden-surge/
to the UK have surged significantly, with the average price reaching $3,941 per tonne in the first half of 2024, marking a remarkable increase of 68.4% compared to the previous year. This surge is attributed to various factors, including the recovery of the UK economy post-COVID-19, increased demand for high-quality coffee, and the favorable terms of the UK-Vietnam Free Trade Agreement (UKVFTA), which has eliminated tariffs on coffee exports. As a result, Vietnamese coffee exports to the UK are expected to continue growing, reflecting the country's strong position in the global coffee market.
Citations:
[1] https://antidumping.vn/vietnamese-coffee-export-prices-to-uk-surge-n27584.html
[2] https://vietnamnews.vn/economy/1313293/ukvfta-leads-to-surge-in-vietnamese-coffee-exports-to-uk.html
[3] https://vietnamnews.vn/economy/1660079/vietnamese-coffee-export-prices-to-the-united-kingdom-surge.html
[4] https://wavbc.org.au/vietnamese-coffee-export-prices-to-the-united-kingdom-surge/
[5] https://kaifarm.uk/vietnamese-coffee-the-dynamics-of-the-sudden-surge/