For the first time, the price of a Vietnamese aromatic nut is the highest in the world, selling globally for 5 billion USD.

In 2024, the Vietnamese coffee industry experienced remarkable growth, with exports surpassing 5.48 billion USD and reaching the highest worldwide prices for coffee, particularly Robusta. This growth was evident despite a decrease in volume, with a notable increase in value. The average export price for coffee was 4,158 USD/ton, a significant increase from the previous year. The EU, US, and China were the top importers of Vietnamese coffee, with the EU seeing a high increase in import rate from Vietnam. Looking ahead, global coffee consumption is expected to rise in 2025, driven by the EU and China, as domestic production fails to meet demand. Despite potential temporary decreases in demand due to regulations, it is anticipated that Vietnam's coffee exports will continue to grow in 2025, contributing to record-breaking global coffee prices due to concerns about supply shortages from major exporting countries.

According to the Import-Export Department (Ministry of Industry and Trade), 2024 is a successful year for the Vietnamese coffee industry when the value of coffee exports exceeds the 5 billion USD mark thanks to strong price increases. According to preliminary statistics, Vietnam's coffee exports in the fourth quarter of 2024 are estimated at 208,400 tons, worth 1.16 billion USD, down 2.1% in volume, but up 3.1% in value compared to the third quarter of 2024; down 43.7% in volume, but up 3.9% in value compared to the fourth quarter of 2023. In 2024, Vietnam's coffee exports are estimated to reach 1.32 million tons, worth 5.48 billion USD, down 18.8% in volume but up 29.1% in value compared to 2023. 2024 is also a special year for the coffee industry when, for the first time, Vietnamese coffee prices are the highest in the world. Robusta coffee export prices are higher than Arabica coffee prices, which has never happened before. Specifically, in December 2024, Vietnam's average ...