Vietnam: EU has a large demand for cashew nut imports in 2022

Published 2022년 1월 7일

Tridge summary

The European Union (EU) is the second largest market for Vietnam's cashew nut exports, accounting for 23% of the total volume and 22% of the total value. In the first 11 months of 2021, Vietnam's cashew exports to the EU reached approximately 122.5 thousand tons, with a value of USD 734.38 million, marking a 15.2% increase in volume and a 6.2% increase in value over the same period in 2020. The industry has successfully exploited the Dutch and German markets, among others. The Vietnamese cashew industry is also promoting the export of high-value cashew nuts like W180 cashews. The average export price of W320 cashew nuts to the EU in the 11 months of 2021 reached 6,705 USD/ton, but decreased by 10.6% compared to the same period in 2020.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Specifically, the EU is currently Vietnam's second largest cashew nut export market, accounting for 23% of the total volume and 22% of the total value of the industry. Therefore, the growth of cashew nut exports to the EU contributed significantly to the overall growth of the industry. Vietnam's cashew exports to the EU in the first 11 months of 2021 reached approximately 122.5 thousand tons, worth USD 734.38 million, up 15.2% in volume and 6.2% in value over the same period. period 2020. Regarding market structure: In the first 11 months of 2021, Vietnam's cashew industry exports to 23 EU member markets. In particular, the cashew industry has well exploited the Dutch and German markets. Cashew nut export turnover of Vietnam to the Netherlands market reached 63.42 thousand tons, worth 345.71 million USD, up 12.3% in volume, but down 4.1% in value. Similarly, Vietnam's cashew exports to Germany reached 19.4 thousand tons, worth 122.64 million USD, up 9.5% in volume and 6.2% in ...

Source: Vinacas