Coffee

Brazilian coffee exports grow 9% in February

Mar, 10, 2021 Posted by Ruth Hollard

Week 202111

Brazil exported 3.3 million bags of green, soluble, roasted, and ground coffee in February. The figure represents an increase of 9% over the same month last year. The foreign exchange revenue generated by shipments was US$ 423.7 million, an increase of 4.7% in relation to February 2020. In the conversion into reais, the value was R$ 2.3 billion, showing an increase of 30.6%. The average price of the bag was US$ 129.19 in the period. The data are from the report compiled by CECAFÉ (the council of Brazilian coffee exporters).

In February, exports of green coffee (arabica + conilon) reached 3 million bags, registering a growth of 11.2% compared to February 2020. Regarding the varieties shipped, arabica coffee represented 81.9% of the total volume exported in the month (2.7 million bags), conilon (robusta) represented 9.5% of exports (312,300 bags), and instant coffee represented 8.5% of shipments (278,400 bags). Both arabica coffee and conilon coffee showed an increase in volumes exported of 8.5% and 42.7%, respectively, when compared to February 2020.

“Brazilian coffee exports remained steady in February, registering a 9% growth compared to the previous year. Analyzing the numbers for the 2020/21 crop year, export records were observed between July 2020 and February 2021.

In the period from January to February 2021, Brazil exported coffee to 96 countries, reflecting the excellent conditions of the past harvest and the potential scenario for a new record at the end of the cycle. These results demonstrate that Brazil remains competitive. This fact, added to the excellent quality and sustainability applied in the crops, makes Brazilian coffee more attractive and in high on the New York stock exchange, where the country stood out as one of the main origins of quality coffee deliveries, ”says Nicolas Rueda, president of CECAFÉ.

Calendar Year

In the first two months of 2021, Brazil exported 6.9 million bags of coffee, showing a 6% growth in shipments compared to the same period last year. Exports of green coffee increased by 8.1%, reaching 6.3 million bags, while shipments of arabica coffee (5.8 million bags) grew 6.7% and conilon (553,800 bags), grew 25.1%. The foreign exchange revenue generated in the period was US$ 889.7 million, an increase of 1.3%, and the average price was US$ 129.46.

Source: Cecafé

Top destinations

In the calendar year so far (January to February 2021), the main Brazilian coffee destination, the United States, imported 1.3 million bags, 19.4% of the volume exported in the period. Germany, the second-largest consumer, imported 1.2 million, equivalent to a 17.8% share of shipments. Following these  2, the countries that most imported the product were Belgium, importing 561,800 bags (8.2%); Italy, importing 514,200 (7.5%); Japan, importing 350,000 (5.1%); Colombia, with 240,000 (3.5%); Russian Federation, with 192,200 (2.8%); France, with 167,700 (2.4); Turkey, with 155,100 (2.3%); and Canada, with 130,600 (1.9%).

Among the destinations listed, exports to Colombia registered an increase of 173%; to Belgium, an increase of 59.9%; and to France, a growth of 19.4%. Shipments to the USA and Germany also grew 8.4% and 6.6%, respectively, in relation to the first two months of last year.

Concerning exports by continent, groups, and economic blocs, Europe recorded a 3% increase in the consumption of Brazilian coffee compared to the first two months of 2020, totaling 3.6 million bags exported to the continent in the period. Exports to North America increased by 5.5% (reaching 1.5 million bags); in South America, an increase of 73.7% (434,000) was recorded; in Africa, 13.9% (155,600); in Central America, 158.9% (41,300); in the Arab Countries, 19.1% (304,000); and
in producing countries, 74% (486,500). Exports of green coffee, specifically, to producing countries registered an increase of 131.7%, with the shipment of 400,200 bags for them.

Special coffees
Brazil exported one million bags of special coffees (those with superior quality or some type of sustainable practices certificate) in the first two months of this year, a volume that represents 14.9% of total coffee exports in the period. The foreign exchange revenue generated by shipments of the differentiated reached US$ 173.7 million, corresponding to 19.5% of the total amount generated in the two-month period. The average price of a bag of differentiated coffees was US$ 169.31.

The 10 largest importing countries of the modality represented 80.5% of the shipments. The United States continues to be the country that receives the most coffees.

 

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