The indicator is valued at the current exchange rate of the respective year versus the US$. Gaps filled with next higher COICOP position. Out of home consumption encompasses all sales via food service establishments(e.g. The following Key Market Indicators give an overview of the social and economic outlook of the selected region and provide additional insights into relevant market-specific developments. Data has been extrapolated from the last iteration of the World Bank's International Comparison Program (ICP) using inflation and exchange rate data . supermarkets and convenience stores). Vincafe holds 40% of the market share which is equal to the combined market share of Trung Nguyen and Nescafe. This 10-year strategy aimed to advance sustainable, large-scale agricultural productivity, quality and competitiveness to achieve national food security and sustainable economic growth. Gaps filled with next higher COICOP position | Source: Statista, based on IMF, national statistical offices, Consumer price index for clothing and footwear. The indicator is valued at the current exchange rate of the respective year versus the US$. 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 In 1976, Brazilian coffee beans underwent poor harvest so that the price of coffee rose suddenly and sharply. | 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. Increased demand for consumer products and foodservice industry from local and international players is another factor that is expected to fuel the market’s growth. July 2018 - Nestle inaugurated a new Nescafe Dolce Gusto capsule production line in Dong Nai Province, Vietnam. Accessed December 22, 2020. https://www.statista.com/outlook/30010000/127/coffee/vietnam, Coffee - Vietnam. 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. 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. The base year (100) has been set to 2017 for all countries, the base year of the input data may vary. The average price per kilogram in the Coffee segment is expected to amount to US$38.47 in 2020. It’s the world’s second-largest coffee exporter, and local speciality ca phe sua da – coffee with condensed milk – is gaining global popularity. | Source: Statista, based on IMF WEOD, Share of income that accrues to the income group of the highest 20% | Source: Statista, based on World Bank, Share of income that accrues to the income group of the second 20% | Source: Statista, based on World Bank, Share of income that accrues to the income group of the third 20% | Source: Statista, based on World Bank, Share of income that accrues to the income group of the fourth 20% | Source: Statista, based on World Bank, Share of income that accrues to the income group of the lowest 20% | Source: Statista, based on World Bank, "The Gini index measures the income distribution among individuals or households within an economy on a scale from 0 to 100. Vietnamese coffee market needs more value-added coffee products to expand. Retrieved December 22, 2020, from https://www.statista.com/outlook/30010000/127/coffee/vietnam, "Coffee - Vietnam." | 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. High annual growth in sales of Vietnamese instant coffee paints a favorable picture for the future of the coffee industry as a whole. Vietnam Coffee Market is witnessing a CAGR 8.07% during the forecast period (2020-2025). | 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. in million US$ Data has been extrapolated from the last iteration of the World Bank's International Comparison Program (ICP) using inflation and exchange rate data . Terms of trade are especially important for developing and emerging countries that are dependent on commodity exports whose value swings with the world market for these goods. yoy, -13.7% Vietnam also accounts for over 30% of coffee imports to China, one of the world’s largest markets. in the Coffee market Due to local sales taxes, the overall tax rate may vary within the country. The definitions of labor force and unemployment differ by country. The ""Average Volume per Capita"" box shows the average volume of the selected market (market segment, region) per person for each year. The ""Price per Unit"" box shows the average retail value per unit in the selected market (market segment, region) in US dollars for each year. Get an overview of trends and key players and consult comparisons of the focus regions USA, China, and Europe. -12.9% Coffee businesses need to diversify and improve the quality of their products to be able to compete in the world market while growers must comply with standards of sustainable … | Source: Statista, based on World Bank", Consumer spending, per capita (current prices), Average consumer spending per capita of private households in the selected region (in current prices, constant exchange rate) | Source: Statista, based on IMF, UN, World Bank, Eurostat and national statistical offices, Consumer spending per capita for food and non-alcoholic beverages (according to the Classification of Individual Consumption Purposes, COICOP) in the selected region (in current prices, constant exchange rate). 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 KPMG, GDP share of total health care spendings (public and private) in the selected region | Source: Statista, based on World Bank, WHO, national statistical offices, Number of physicians per 1,000 inhabitants in the selected region | Source: Statista, based on World Bank, Number of hospital beds per 1000 inhabitants in the selected region | Source: Statista, based on World Bank, WHO, The indicator shows the percentage of the adult population (18 years or older) in the selected region with a Body Mass Index (BMI) of 25 or higher. These indicators, together with data from statistical offices, trade associations and companies serve as the foundation for the Statista market models. Reading Support In particular, Vinacafe and G7 are 2 Vietnamese brands, while Nescafe is a Swiss brand. By 2025 21% of volume consumption in the Coffee segment will be attributable to the out of home market (e.g. The data source is specified individually for each data set. The NVA framework was incorporated into the national agriculture strategy in November 2011 by the Vietnam government. The average per capita consumption will stand at 1.3 kg in 2020. The data is based on Statista's Global Consumer Survey. in million kilograms Vietnam is the world’s second largest producer and exporter of coffee. From a global perspective, it also represents overall industry size by analyzing qualitative insights and historical data. The coffee retail market in Vietnam reached $ 127.33 million in 2008 and increased to $ 287.34 million in 2012. The data is based on Statista's Global Consumer Survey. Meanwhile, coffee processing devices and facilities made in Vietnam are sold to the domestic and foreign markets. Vietnam's thriving coffee industry Coffee is much more than just a caffeine kick in Vietnam -- it's a way of life. The site will process 2,500 tons of coffee per year. World coffee export and import volumes have steadily increased from 2007 to 2012, according to the International Coffee Council. Vinacafe developed four product lines, namely Vinacafe 100 percent coffee, Vinacafe 2 in 1, Vincafe 3 in 1 and Vinacafe 4 in 1. in percent. The leading coffee exporting countries in 2012 were led by Brazil, with Vietnam … The COICOP definition varies from the market definitions employed in the Consumer Market Outlook. Coffee drinking in western cafes has becomes the vogue across Vietnam. in kilograms. Click here. 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). Reading Support The Consumers by gender box shows the gender distribution of consumers of the selected market (market segment, region). (n.d.). We are always looking to hire talented individuals with equal and extraordinary proportions of industry expertise, problem solving ability and inclination. Gaps filled with next higher COICOP position | Source: Statista, based on IMF, national statistical offices, Consumer price index for alcoholic beverages, tobacco and narcotics. The Coffee segment is expected to show a volume growth of 6.8% in 2021. | Source: Statista, based on WHO, Per-capita consumption of alcohol (all types) in litres of pure alcohol in the selected region | Source: Statista, based on WHO, Share of men in the selected region (15+ years) who smoke at least occasionally | Source: Statista, based on World Bank, WHO, Share of women in the selected region (15+ years) who smoke at least occasionally | Source: Statista, based on World Bank, WHO, Number of years a newborn in the selected region can expect to live if prevailing patterns of mortality were to stay the same throughout its life. | Source: Statista, based on IMF, UN, World Bank, Eurostat and national statistical offices, Consumer spending per capita for housing, water, electricity, gas and other fuels (according to the Classification of Individual Consumption Purposes, COICOP) in the selected region (in current prices, constant exchange rate) | Source: Statista, based on IMF, UN, World Bank, Eurostat and national statistical offices, Consumer spending per capita for furnishings, household equipment and routine maintenance of the house (according to the Classification of Individual Consumption Purposes, COICOP) in the selected region (in current prices, constant exchange rate) | Source: Statista, based on IMF, UN, World Bank, Eurostat and national statistical offices, Consumer spending per capita for health (according to the Classification of Individual Consumption Purposes, COICOP) in the selected region (in current prices, constant exchange rate) | Source: Statista, based on IMF, UN, World Bank, Eurostat and national statistical offices, Consumer spending per capita for transport (according to the Classification of Individual Consumption Purposes, COICOP) in the selected region (in current prices, constant exchange rate). 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. Here you can find more studies and statistics about "Coffee". The Consumers by age box shows the age distribution of consumers of the selected market (market segment, region) in age groups. 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. 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). | Source: Statista, based on IMF, UN, World Bank, Eurostat and national statistical offices, Consumer spending per capita for alcoholic beverages, tobacco and narcotics (according to the Classification of Individual Consumption Purposes, COICOP) in the selected region (in current prices, constant exchange rate). In contrast, the Food market in the Consumer Market Outlook covers only certain segments of processed food and excludes for example fresh food, oils and fats and some other items. (“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. in percent. | Source: Statista, Displayed is the typical rate for corporate income. Update, Insights into the world's most important technology markets, Advertising & Media Outlook Reading Support Another trend is the redefinition of coffee from a common means of caffeination to a sensual experience, which has driven premiumization. | Source: Statista, based on IMF WEOD, The indicator shows the total number of private households in the selected region. The indicator is valued at the current exchange rate of the respective year versus the US$. 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). Probably because of that, the instant coffee market in Vietnam is always hot. All Rights Reserved to Mordor Intelligence. Revenue in the Coffee segment is projected to reach US$4,845m in 2020. These include personal care products and services, personal items like watches and jewellery as well as all other products and services not mentioned elsewhere. | Source: Statista, based on World Bank, IMF, Eurostat and national statistical offices, Estimated price level index for recreation and culture (U.S.=100). Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: (Core country: data based on in-depth analysis), in the Coffee market | Source: Statista, based on World Bank, IMF, Eurostat and national statistical offices, The price of a Big Mac at McDonald's has been introduced by the Economist in 1986 as an illustrative example to compare price levels between countries. The indicator is valued at the current exchange rate of the respective year versus the US$. in the Coffee market | Source: Statista, based on IMF, UN, World Bank, Eurostat and national statistical offices, Consumer price index (CPI) for a weighted basket of goods and services. Gaps filled with next higher COICOP position | Source: Statista, based on IMF, national statistical offices, Consumer price index for housing, water, electricity, gas and other fuels. Both out of home and at home consumption are valued at consumer prices including all sales taxes and excise duties. The average revenue per person in the Coffee segment is expected to amount to US$49.78 in 2020. in the Coffee market Gaps filled with next higher COICOP position | Source: Statista, based on IMF, national statistical offices, Consumer price index for recreation and culture. These include personal care products and services, personal items like watches and jewellery as well as all other products and services not mentioned elsewhere. Reading Support The indicator is valued at the current exchange rate of the respective year versus the US$. It covers all private household spendings meant for consumption at home. This group inlcudes the purchase of vehicles, maintenenace of vehicles as well as transportation services. bars and restaurants). 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. Vietnam's coffee industry is expected to grow strongly in the coming years as the population continues to expand at a rate of about one million people a year and the country and the tastes of its people become more sophisticated. | Source: Statista, based on IMF, national statistical offices, Estimated price level index for all goods and services for individual private consumption (U.S.=100). 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. The weights of the components vary by country according to local consumption patterns. Gaps filled with next higher COICOP position | Source: Statista, based on IMF, national statistical offices, Consumer price index for education. From producing less than two million bags per year in the early 1990s, Vietnam has emerged as the second largest -producing and coffee -exporting country in the world, with an average annual output that currently exceeds 25 million 60-kg bags. Reading Support bars and restaurants). The Vietnamese coffee market is divided into two distinct segments. You can find the source in the data box in the lower left corner. Coffee is deeply woven into the social and economic fabric of Vietnam. Values shown are only based on survey respondents who answered the question regarding their income. Discover other market segments and categories related to your topic. 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. in the Coffee market 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. Gaps filled with next higher COICOP position | Source: Statista, based on IMF, national statistical offices, Consumer price index for communication. Revenue in the Coffee segment is projected to reach US$4,845m in 2020.