Cashew nuts from Ivory Coast are flowing strongly into Vietnam

Raw Cashew Nut

Vietnam

Market & Price Trends

Published Dec 14, 2023

Tridge summary

In the past 11 months, Vietnam imported nearly 2.7 million tons of cashew nuts, with a turnover of 3 billion USD, representing a significant increase over the previous year. The 5 largest markets supplying cashew nuts to Vietnam are Ivory Coast, Cambodia, Nigeria, Ghana, and Tanzania, with Ivory Coast and Cambodia accounting for over half of the total value. Vietnam has increased imports from some countries while decreasing imports from others due to low domestic supply and decreased prices. Additionally, Vietnam has seen an increase in the export of processed cashew nuts, particularly to the US market, leading to growth in the industry as a whole.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

This is the latest statistics from the General Department of Customs. Accordingly, in 11 months, Vietnam imported nearly 2.7 million tons of cashew nuts, reaching a turnover of 3 billion USD, up 46.5% and 19.2% respectively over the same period last year. The 5 largest markets supplying raw cashew nuts to Vietnam include: Ivory Coast, Cambodia, Nigeria, Ghana and Tanzania. Of which, cashew nuts imported from Ivory Coast and Cambodia account for 57.5% of the total value. The structure of the cashew import market this year has changed. Vietnam reduced imports from Cambodia and Tanzania but increased imports from Ivory Coast, Nigeria and Ghana. Specifically, the amount of cashew imported from Ivory Coast amounted to 850,000 tons, with a value of 919.3 million USD, an increase of nearly 87% in volume and more than 56% in value compared to the same period last year. In contrast, cashew imports from Cambodia decreased by nearly 14% in volume and more than 23% in value, down to 613,000 ...

Source: VNExpress