Japan reduces the consumption of Indian cashews, increases the use of Vietnamese cashews

Published Aug 23, 2021

Tridge summary

Japan has seen a decrease in its cashew imports in the first five months of 2021, with a 11.2% drop compared to the same period in 2020, totaling 33.17 million USD. This decline is largely due to a 22.8% reduction in imports from India, amounting to 19.14 million USD. Conversely, Japan's imports of cashews from Vietnam have risen by 4.5%, reaching 12.92 million USD. Vietnam's share of Japan's total cashew nut import value has increased to 38.97% in 2021, up from 33.09% in 2020, indicating a growing preference for Vietnamese cashews in the Japanese market.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Japan is reducing the import of Indian cashew nuts, increasing the purchase of Vietnamese cashews. Photo: TL. According to the International Trade Center (ITC), in the first 5 months of 2021, Japan's cashew imports reached 33.17 million USD, down 11.2% over the same period in 2020. In which, Japan sharply reduced imports. cashew nut exports from India, a decrease of 22.8%, reaching 19.14 million USD. In contrast, Japan increased its imports of cashews from Vietnam, an increase of 4.5%, reaching 12.92 million USD. Vietnam's cashew nut market share in Japan's total import value accounted for 38.97% in the first 5 months of 2021, higher than 33.09% in the first 5 months of 2020. As can be seen, ...

Source: Vinacas