Soluble coffee exports grew 9.17% in first two months despite coronavirus threat

Soluble coffee exports from Brazil reached 606,061 60 kg bags in the first two months of 2020, showing 9.17% year-on-year growth. The data is part of the monthly survey done by the Brazilian Soluble Coffee Industry Association (Abics). In January and February, foreign exchange revenue from shipments increased 4.9% compared with year-ago levels, jumping from US$82.542 million to US$86.589 million.

“Development of soluble coffee exports remains steady in 2020, with growth in volume and revenue still suffering any impact from the global coronavirus epidemic”, highlights the director of Institutional Relations at Abics, Aguinaldo Lima. According to him, current shipments refer to sales made at least six months ago, “therefore, not impacting short-term exports”.

Destinations

The destinations for Brazilian soluble coffee in the first two months of 2020 were the United States, which imported 119,760 bags (+ 29.1%), valued at US$ 16.4 million. Other top five destinations include Russia, with 69,031 bags, Japan with 45,961 bags, Indonesia with 34,001 bags and and Ukraine with 27,459 bags.

Abics director for Institutional Relations pointed out that large countries that produce coffee beans and industrialized coffee are among the main destinations. “Indonesia and Mexico, 12th in the ranking for the first two months, stand out as major customers of Brazilian soluble coffee”, he points out.

Product type

Of the total volume of soluble coffee exported by Brazil in January and February, 72.6% (439,969 bags) refer to ‘spray dried’, 21.7% (131,527 bags) to ‘freeze dried’, 3% (18,398 bags) coffee preparation and 2.7% to extracts (16,167 bags).

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