Brazilian coffee exports surge by 19% in July while revenue rises to US$ 627.8 M

In July, the initial month of the 2023/24 harvest, the world witnessed a substantial surge in Brazilian coffee exports, with a total of 2.991 million 60 kg bags. This figure represents an impressive growth of 18.7% compared to the 2.521 million bags recorded during the same period in the previous year. The revenue evolution was also notable at 5.2%, as foreign currency inflow escalated from US$ 596.9 million in July of the preceding year to US$ 627.8 million. These statistics stem from the Brazilian Coffee Exporters Council (Cecafé) ‘s monthly statistical report.

Márcio Ferreira, President of Cecafé, highlighted the significant leap in exports of canephor coffees (conilon + robusta) in July, demonstrating a remarkable surge of 245.4% compared to July 2022. The export volume for this type reached 505,153 bags, marking the highest result for this variety in a single month since September 2020.

Year to date, in the first seven months of the year, exports of this particular coffee type have demonstrated a noteworthy increase of 33.7%, progressing from 944,076 bags between January and the conclusion of July 2022 to 1.262 million bags this year.

Ferreira underlined that the favorable global market differentials and the national supply availability have contributed to the substantial growth in exports of canephora coffees. Notably, the demand for these coffees, including conilon and robusta varieties, surged significantly by 245.4% last month compared to July 2022.

Ferreira elaborated, “We are experiencing a window of opportunity for Brazilian conilons and robusta coffees, given the high prices for the same product, mainly in Vietnam and Indonesia. So much so that these Asian nations increased their imports of our coffees by 382.9% and 52.1%, respectively, from this year to July. In the short term, the perspectives for this August are positive, and the Brazilian canephora should continue to consolidate, at least in this current month.”

The chart below shows Brazilian exports of coffee from Jan 2019 and Jun 2023. The data is from DataLiner.

Brazilian coffee exports | Jan 2019 – Jun 2023 | WTMT

Source: DataLiner (click here to request a demo)

Top destinations

Looking at the top destinations, the United States remains the foremost importer of Brazilian coffee, having procured 3.433 million bags in the initial seven months of 2023. Although this figure reflects a 26.5% decrease compared to the same cycle in 2022, it constitutes 17.9% of Brazil’s total coffee exports during this interval.

In the second position, Germany purchased 2.270 million bags, accounting for 11.8% of the total. This marks a 43.5% reduction compared to the previous year. Other top importers include Italy, Japan, and Belgium.

The 87.7% and 25.3% growth in the Arab Countries and Asia stand out by continent and economic bloc. This is notably attributed to a 102.7% surge in coffee exports from Brazil to China compared to the first seven months of 2022, reaching 408,046 bags.

Arabica coffee remains the leading product exported, constituting 81.8% of the total volume. It is followed by the soluble segment (11.5%), the canephora variety (6.6%), and the roasted and roasted and ground product (0.1%).

Ports

Currently, the Santos Maritime Complex continues to assert its position as Brazil’s primary coffee exporter, contributing significantly to the nation’s coffee trade. With a substantial shipment of 14.418 million sacks abroad, this complex constitutes a remarkable 75% of the total coffee exports. Following closely, the ports of Rio de Janeiro account for 20% of shipments by sending 3.841 million sacks overseas. Similarly, Paranaguá (PR) demonstrates its role by exporting 279,475 sacks abroad, representing a notable 1.5% of the total coffee exports from Brazil.

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