Vietnam is the number 1 supplier of cashew nuts to the US

Published 2022년 4월 12일

Tridge summary

Vietnam's cashew exports in March 2022 saw a slight decrease compared to the previous year, with a total of 40,000 tons and a value of $241 million. Despite this, the exports experienced a significant increase of 57.9% in volume and 59.9% in value from February 2022. However, when compared to March 2021, there was an 11.8% decrease in volume and 9.0% decrease in value. The first quarter of 2022 saw a total export of 105,000 tons valued at $630 million, marking a 6.7% decrease in volume and a 5.0% decrease in value from the same period in 2021. The average export price per ton of cashew nuts in March 2022 was $6,024, showing an increase of 1.2% compared to February 2022 and 3.2% compared to March 2021. The US remains the largest importer of Vietnam's cashew nuts, with a significant increase in import price from Vietnam, Nigeria, and Brazil compared to January 2021. Despite a slight decrease in market share, Vietnam is expected to continue as the leading cashew supplier in the US in 2022 and the years following.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Cashew exports decreased slightly due to difficulties in the Russian market According to a report by the Import-Export Department (Ministry of Industry and Trade), Vietnam's cashew exports in March 2022 reached 40,000 tons, worth $241 million, up 57.9% in volume and 59.9% in value. price compared to February 2022, but compared to March 2021, down 11.8% in volume and 9.0% in value. 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. In March 2022, the average export price of Vietnam's cashew nuts was estimated at $6,024/ton, up 1.2% compared to February 2022 and 3.2% higher than March 2021. In general, in the first quarter of 2022, the average export price of Vietnam's cashew nuts is estimated at 5,974 USD/ton, up 1.8% over the same period in 2021. Notably, the structure of Vietnam's cashew exports in the first two months of 2022 still focuses mainly on ...
Source: Vinacas

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