Vietnamese cashew exporters lack information about the EU market

Published 2022년 5월 29일

Tridge summary

Vietnam has seen a 16.5% increase in cashew nut exports to the EU in 2021, making it the second largest market after the US. The EU accounted for 23% of the total export volume and 22% of the industry's value. The implementation of the EU-Vietnam Free Trade Agreement (EVFTA) in 2020 has significantly reduced tariffs, offering great opportunities for the cashew industry. Despite challenges such as supply chain risks due to the Russia-Ukraine conflict and limited capacity for deeply processed products, the industry expects to grow by providing products that align with EU consumer preferences for healthy, alternative, and sustainable food. However, the industry faces hurdles in brand promotion, e-commerce, and meeting EU's strict quality and safety standards, particularly for organic products. There is a need for more information, support, and collaboration to navigate the European market and its trends to enhance the competitiveness of Vietnamese cashew products.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Ms. Nguyen Thu Thuy, Deputy Director of the Export Support Center, Trade Promotion Department (Ministry of Industry and Trade), said that the EU is Vietnam's second largest cashew nut export market, accounting for 23% of the total cashew nut export volume. and 22% of the total value of the industry in 2021. It is estimated that Vietnam's cashew exports to the EU in 2021 will reach 130 thousand tons, up 16.5% in volume over the same period last year. The growth of cashew nut exports to the EU contributed significantly to the overall growth of the industry. In the EU region, Vietnamese cashew nuts are exported to many Western European countries such as Germany, Netherlands, France, Belgium, especially the Netherlands and Germany. This is the country with the focal point of importing important things from Vietnam for re-export. For Eastern Europe, Vietnamese cashew nuts are present in many countries such as Russia, Poland, Romania, Ukraine... Before the EVFTA came into effect, the ...
Source: AgroInfo.vn

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.