Cashew nut exports to the German market will be positive in 2022
Cashew Nut Kernel
Germany
Published Dec 8, 2021
Tridge summary
The Import-Export Department (Ministry of Industry and Trade) said that Vietnam is still the number one source of cashew nuts in the German market thanks to its stable supply and guaranteed quality. The prospect of Vietnam's cashew nut exports to the German market will be positive in 2022 thanks to the advantage of the EU-Vietnam Free Trade Agreement (EVFTA). In addition, the increased demand for German cashew imports will have a positive impact on Vietnam's cashew industry.
Original content
Citing statistics from the International Trade Center (ITC), said that due to difficulties in transportation, in the first nine months of 2021, Germany imported 45,200 tons of cashew nuts from markets around the world, worth 324. 43 million USD, down 9.5% in volume and 14.1% in value over the same period in 2020. In 9 months, the average import price of German cashew nuts reached USD 7,177/ton, down 5.1% over the same period in 2020; in which, the average import price of German cashew nuts decreased from the markets of Vietnam, India and the Netherlands but increased from Indonesia and Ivory Coast. Due to the impact of the COVID-19 epidemic, Germany reduced its imports of cashews from Vietnam, however, the reduction in imports from Vietnam was still lower than the decrease in imports from the Indian and Dutch markets. Specifically, in the first nine months of 2021, the amount of German cashews imported from Vietnam reached 28.23 thousand tons, worth $201.21 million, down 1.7% in ...
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