Vietnamese cashew nuts account for the majority of the market share in Turkey

Published 2021년 5월 4일

Tridge summary

In January 2021, Vietnam became the leading supplier of cashew nuts to Turkey, accounting for 87.9% of the total value of cashew imports, with a sharp increase in volume and value compared to the same period in 2020. The Vietnam Trade Office in Turkey attributes this surge to the high sea transport costs and the Covid-19 pandemic, which has led to increased demand for nut products in Turkey.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Vietnamese cashew nuts imported into Turkey increased strongly in the first month of this year, thereby making up the largest market share in this market. Vietnam cashew nuts imported into Turkey rose sharply in the first month of this year. Photo: TL. According to the Vietnam Trade Office in Turkey, in January 2021, Vietnamese cashew nuts imported into Turkey reached 728.6 tons, worth nearly $ 2.9 million, a sudden increase in volume (257.5 %) and especially in turnover (534.1%) compared to January 2020. This shows that the price of cashew nuts imported by Vietnam into Turkey has increased since the beginning of 2020, which one of the important reasons is the high cost of sea transport due to the shortage of empty containers globally. Data from the Turkish Institute of Statistics (TUIK) shows that the total amount of peeled cashew nuts imported to Turkey in January this year was 795.84 tons, worth approximately $ 3.3 million, increased 184.3% in volume and 224.8% in value over ...
Source: Vinacas

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.