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  • Cashew export is forecasted to continue to grow in 2022 02/07/2022

    Feb 7th, 2022

    According to the latest report of the General Department of Customs, in the first 15 days of 2022, cashew nut exports reached 20,151 tons, worth 119,202,951 USD, compared to the same period last year, the export volume was equivalent but the turnover decreased by 0 %. ,forty six%. Thereby, it shows that the export price of cashew nuts decreased slightly over the same period, but this is only the export result of the first 15 days of the year, so it is not possible to predict the situation of export prices in the near future. Top 5 export markets of Vietnam cashew nuts Up to now, after 31 years of being present in the global cashew kernel market, Vietnam continues to maintain its position as the world's leading cashew nut exporting power and no competitor can match it. In 2021, in the context of the complicated development of the COVID-19 epidemic, many countries have to apply social distancing orders, many markets are closed, etc., the pandemic makes consumers around the world tend to prioritize choosing types of food. good food for health, and cashew nut is one of the foods that are favored by consumers thanks to its benefits to human health. Plus the reasonable price factor has boosted the demand for cashew nuts in many countries around the world, bringing the total global cashew nut consumption to a high growth rate. According to statistics of the General Department of Customs, Vietnam's cashew nut exports to five major markets, including the United States, China, the United Kingdom, Japan and France, have positive growth in 2021 compared to 2020; In which, the Japanese market achieved the strongest growth. In 2021, the United States continues to maintain the No. 1 position of Vietnam's cashew exports with 176,363 tons, worth more than $ 1,052 billion, an increase of 10.47% in volume and 6% in turnover compared to 2020. Behind the United States is China with 85,162 tons, worth more than 614.295 million USD, up 7.56% in volume and 20.27% in turnover compared to 2020. Since the advent of China's National Health Policy called "Dietary Guidelines for the Chinese People", which emphasizes the benefits of daily consumption of nuts, nuts have becoming a staple of the Chinese diet, and the increased imports of cashews can also be attributed to the new campaign to sell "everyday nuts", including cashews, ready-to-eat packaged. of Chinese cashew nut manufacturers. The third is the UK market reaching 16,208 tons, with more than 94.498 million USD, down 0.16% in volume compared to 2020 but up 2.51% in value. Next is the Japanese market with 8,805 tons, with a turnover of 59,073,344 USD, up 35.10% in volume and 38.44% in turnover compared to 2020, and fifth is the French market with 8,492 tons. , valued at US$59,514,108, up 16.09% in volume and 15.06% in value compared to 2020. The Import-Export Department - Ministry of Industry and Trade forecasts that in 2022, cashew nut exports will continue to grow positively thanks to global consumer tastes increasingly preferring healthy products, preservation time. and the global cashew nut market will grow at an average rate of about 4.6% in the period 2021 - 2026. Vietnam continues to import raw cashews for export processing As the world's leading exporter of cashew kernels, domestic production of raw cashew nuts is only about 300 thousand tons/year, the rest still has to be imported and Vietnam has to import over 1 million tons of raw cashew nuts every year to production, processing and export. In 2021, Vietnam's raw cashew imports reached 2,875,728 tons, with a turnover of more than $4,185 billion, an increase of 98.3% in volume and 131.5% in value compared to 2020. According to the Binh Phuoc Cashew Association, in 2021, the cashew kernel export of Binh Phuoc province will reach over 1 billion USD, accounting for 27.77% of the total export turnover of the country. Binh Phuoc is currently the province with the largest cashew acreage in the country with nearly 180,000 ha, accounting for over 50% of the cashew acreage in the country and over 7,100 farming households, with an average yield of nearly 14 quintals/ha. nearly 190 thousand tons/year, accounting for 63.33% of the country's raw cashew production. The province has 150 good cashew farmers who were awarded certificates of merit by the Ministry of Agriculture and Rural Development, the Vietnam Cashew Association and the Provincial People's Committee. In order for the Binh Phuoc cashew industry to develop sustainably in recent years, the Binh Phuoc Cashew Association has coordinated with relevant units to implement many programs to care for and develop cashew trees, develop planting area codes, and stabilize raw materials. for the cashew industry to develop sustainably. With the advantage that the locality has a large area and output of raw cashew, there are many cashew processing facilities in Binh Phuoc province, with more than 1,400 out of 3,000 cashew processing facilities nationwide. In which, there are about 15 large-scale foreign-invested enterprises, so Binh Phuoc province has a particularly important role and is the active nucleus of Vietnam's cashew industry.


    Source: https://www.vinacas.com.vn/
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