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  • The EU is the world's leading cashew nut import market, in which, more than half of the imported cashew value comes from Vietnam. 04/18/2022

    Apr 18th, 2022

    According to the European Statistics Office (Eurostat), the EU's cashew imports in 2021 reached 216.26 thousand tons, worth 1.3 billion euros ($1.43 billion), up 5.5% in terms of value. volume, but decreased by 1.6% in value compared to 2020.Notably, Vietnam's cashew nut market share in the EU's total imports will account for 54.02% in 2021.The three largest cashew nut importers in the EU are the Netherlands, Germany and France. In 2021, the Netherlands imported 63.1 thousand tons of cashew nuts, worth 376.63 million euros ($413.92 million), up 7.6% in volume and 3.6% in value over the previous year. 2020.Germany imported 59.2 thousand tons of cashew nuts, worth 359.7 million euros ($395.3 million), down 9.7% in volume and 16.6% in value compared to 2020. France imported approximately 17 thousand tons of cashews, worth EUR 112.65 million ($123.8 million), up 16.3% in volume and 6.8% in value compared to 2020. Source:https://nongnghiep.vn/hat-dieu-viet-nam-chiem-hon-mot-nua-gia-tri-hat-dieu-nhap-vao-eu-d319942.html Vietnam is the number 1 supplier of cashew nuts to the US 09 April 2022 In March 2022, Vietnam's cashew exports reached 40,000 tons, worth USD 241 million, up 57.9% in volume and 59.9% in value compared to February 2022. However, compared to March 2021, export value decreased by 11.8% in volume and 9.0% in value. The average export price of Vietnam's cashew nuts was estimated at $6,024/ton in March 2022, up 1.2% compared to February 2022 and 3.2% higher than March 2021. In the first quarter of 2022, Vietnam's cashew exports are estimated at 105,000 tons, worth 630 million USD, down 6.7% in volume and 5.0% in value over the same period in 2021. Along with that, In the first quarter of 2022, the average export price of Vietnam's cashew nuts was estimated at $5,974/ton, up 1.8% over the same period in 2021. The structure of cashew nut exports of Vietnam still focuses mainly on cashew nuts W320, W240, WS/WB. In which, W320 cashew nut exports accounted for 38.7% of the total volume and 44.2% of the total value in the first 2 months of 2022. Currently, the US is the largest importer of Vietnam's cashew nuts. According to the US International Trade Commission, US cashew imports in January 2022 reached 13,510 tons, worth US$90.66 million, up 13.5% in volume and 24.2% in value compared to that of the US. same period in 2021. According to the Import-Export Department, exporting cashew nuts to the US is increasingly favorable. In January 2022, the average price of cashew nuts imported to the US reached 6,709 USD/ton, up 9.4% compared to January 2021. In which, the US imported cashew nuts from Vietnam with the amount of 11,780 tons, worth 78.24 million USD, up 8.9% in volume and 19.1% in value over the same period in 2021. However, Vietnam's cashew nut market share in total US imports decreased from 90.87% in January 2021 to 87.2% in January 2022. According to the US International Trade Commission, the US is increasing its imports of cashew nuts from new markets, typically the Ivory Coast and Nigeria in January 2022. Therefore, according to the Import-Export Department, Vietnam's cashew nut market share in the US is shrinking.However, the Import-Export Department found that the gap between the amount of cashews imported from Vietnam and other supplying markets is still very large.Therefore, the Import-Export Department said: "It is likely that this competition will only happen in the short term. Vietnam's cashew industry will still play the role of the No. 1 cashew supplier in the US in 2022 and the next few years. next year".


    Source: https://cafef.vn
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