Expectation of cashew nut exports of Vietnam to set a new record in 2022
Cashew Nut Kernel
Vietnam
Published Jan 24, 2022
Tridge summary
With cashew nut export turnover in 2021 reaching a record of 3.64 billion USD, the cashew industry has high expectations for cashew trade in 2022. Growth expectations in the European market still have a lot of room according to the Import-Export Department (Ministry of Industry and Trade), after the US, Europe (EU) is currently the second-largest cashew nut export market of Vietnam, accounting for 23% of the total volume and 22% of the total export value of the whole industry. Vietnam's cashew exports now have a market share in 23 EU member markets.
Original content
With the cashew nut export turnover in 2021 reaching a record of 3.64 billion USD, the cashew industry has high expectations for cashew trade in 2022. Growth expectations in the European market still have a lot of room According to the Import-Export Department (Ministry of Industry and Trade), after the US, Europe (EU) is currently the second largest export market of Vietnam's cashew nuts, accounting for 23% of the total volume and 22% of the total export value of the industry. Vietnam's cashew exports now have a market share in 23 EU member markets. In particular, Germany and the Netherlands are currently important trade hubs because these two markets both import for domestic consumption and re-export to other markets in the bloc. In 2021, the growth exporting of cashew nuts to the EU contributes significantly to the overall growth of the cashew industry. In particular, Vietnam's cashew exports to Germany in 2021 will reach over 19,000 tons, worth over 122 million USD, up 9.5% in ...
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