Brazilian Coffee Exports to MENA Region Witnesses 30 per cent Increase During First Seven Months of the Year
An increase in coffee exports from Brazil to the Arab region led to sales of USD 122 million, as delivery quantity boosted throughout the very first half of 2017. According to the Brazilian Coffee Exporter Council (Cecaf), profits got from coffee exports from Brazil to the Arab region saw a 29.7 percent increase at USD 112 million throughout the initial 7 months of the year, in comparison to 2016. An overall of 653,200 bags of coffee were exported to Arab counties between January and July 2017, while 645,100 were exported throughout the same duration last year, showing a 1.2 per cent rise in export quantity to Arab countries.
Lebanon remained the top buyer of Brazilian coffee in the Arab world with a videotaped USD 29.9 million invested in coffee imports throughout the exact same period. It was followed by Jordan at USD 14.6 million, Saudi Arabia at USD 12.9 million, and the United Arab Emirates at USD 10.2 million. Various other significant importers of Brazilian coffee in the region consist of Bahrain, Oman, Egypt, Kuwait and Morocco.
As coffee exports from Brazil to the Arab region continue to increase, the total earnings tape-recorded from worldwide coffee exports saw a rise of 7.2 percent, at USD 2.9 billion, with the USA as the top importer accountancy for a 20 percent share in complete coffee exports from Brazil. Germany adhered to with a 17.5 percent share, Italy with 9 per cent, Japan with 7.1 percent and Belgium with 6 percent. In July alone, Brazil exported 1.7 million bags of coffee, earning USD 283.4 million.
Dr. Michel Alaby, Assistant General and Chief Executive Officer of said, "The big quantity of coffee being exported to the MENA region from Brazil during the initial 7 months of the year suggests an expanding market for Brazilian coffee in this part of the world. As demand for Brazilian coffee grows, we anticipate to witness bigger demand for this item in the Arab market over the following couple of years."
