May 19, 2024 | 06:58 GMT +7
May 19, 2024 | 06:58 GMT +7
Hotline: 0913.378.918
A recent report of the International Trade Centre (ITC) shows that, in September of 2021, Malaysia’s coffee import reached over 8 thousand tons, worth USD 19.84 million, decreasing 24.4% in volume and 24.7% in value compared to September 2020.
In general, for the first 9 months of 2021, Malaysia's coffee import reached 77 thousand tons, worth USD 177.59 million, a decrease of 8.1% in volume and 6.8% in value compared to the same session of 2020.
For the first 9 months of 2021, Malaysia lowers its import from some main supplies but increases importation from Vietnam, Brazil, and Ethiopia.
Vietnam is currently the largest coffee supplier in Malaysia. For the first 9 months of 2021, Malaysia import of coffee from Vietnam reached 36.14 thousand tons, worth USD 61 million, increasing 8% in volume and 11.7% in value over the same session of 2020.
Vietnam's market shares in the total import volume of Malaysia increased from 39.91% in the first 9 months of 2020 to 46.92% over the first 9 months of 2021.
According to the International Coffee Organization (ICO), coffee consumption demand in Malaysia is showing a strong uptrend in recent years due to urbanization and the busy lifestyle.
Additionally, Malaysia’s coffee drinking culture is heavily affected by the sudden increase in the number of foreigners. Coffee consumption preference in Malaysia tends to shift to premium coffee.
Translated by Hoang Duy
(VAN) Durian export value has increased sharply in recent months, combined with increased output, this year's durian exports may exceed USD 3 million.
(VAN) Vietnam's fruit and vegetable exports in 2023 reached USD 5.6 billion, an increase of 66.7% compared to 2022 thanks to a sharp increase in exports to China, the EU, and Korea.
(VAN) Vietnam hopes to expand durian exports to India, helping reduce dependence on China and opening up new development opportunities for the agricultural industry.
(VAN) Coffee prices dropped by 35,000 dong per kilogram one week after reaching a record high. However, the downward momentum is expected to be halted by ongoing concerns over coffee supply.
(VAN) The first shipment of bird's nests and Vietnamese agricultural products from Hai Yen Nha Trang Company has just been 100% cleared into France.
(VAN) This year's lychee season is considered by Bac Giang province to have the highest quality ever, with output forecast to reach 100,000 tons.
(VAN) Recently, Mavinex Joint Stock Company (a member of Mavin Group) successfully exported animal carcass processing machines to customers in the Philippines.