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Vietnam: Cashew nut exports will be increasingly difficult

Published Jul 18, 2022

Tridge summary

In 6 months, Vietnam's cashew exports decreased in both volume and value. At the beginning of July 2022, the export price of raw cashew nuts was generally quite stable compared to the end of June 2022. On July 1, 2022, the export price of raw cashew nuts in Benanh was stable at $1,287.5/ton; in Ivory Coast, Gana and Nigeria were all at $1,225/ton. According to the Chinese Customs, the import value of cashew nuts in this market in the first five months of 2022 reached US$82.46 million, up 57.4% over the same period in 2021.

Original content

In which, Vietnam is the source. the largest supply of cashew nuts to China, worth nearly 71.36 million USD in the first 5 months of 2022, up 43% over the same period in 2021. However, Vietnam's cashew nut market share in total import value of China decreased from 95.23% in the first 5 months of 2021 to 86.53% in the first 5 months of 2022. Meanwhile, Myanmar's cashew nut market share in China's total import value accounted for 10, 37%; Ivory Coast accounted for 2.63% in the first 5 months of 2022. According to ITC, in the first 5 months of 2022, Switzerland imported 1.31 thousand tons of cashew nuts, worth 12.16 million USD, up 17.5% in volume and 49.5% in value over the same period in 2021. In which, Switzerland imported cashew nut from Vietnam reached 841 tons, worth 7.42 million USD, up 35.7% in volume and increased 91.9% in value over the same period in 2021. Vietnam's cashew nut market share in total Swiss imports increased from 55.39% in the first 5 months of 2021 to 63.96% ...
Source: Vinacas
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