Vietnamese cashews account for 90% of the market share in the UK

Published 2022년 4월 25일

Tridge summary

Vietnam's cashew nut exports to the UK market have experienced a significant surge in the first two months of 2022, reaching 3.41 thousand tons and valued at 22.53 million USD, marking a 14.3% increase in volume and 38% increase in value compared to the same period in 2021. Vietnamese cashews have dominated the UK market, accounting for 90.95% of the market share, a significant increase from 78.72% in the same period last year. The import data also highlights a decline in imports from other countries such as India, the Netherlands, and Ivory Coast compared to February 2021. Overall, Vietnam's cashew nuts have shown a notable growth in the UK market, despite a slight decrease in overall cashew imports in the first two months of 2022 compared to the previous year.

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

Original content

Vietnam's cashew nut imports into the UK market increased sharply in the first months of this year and occupied an overwhelming market share in this market. Vietnamese cashews accounted for 90% of the market share in the UK in the first months of this year. Photo: TL. According to the Import-Export Department (Ministry of Industry and Trade), in the first two months of 2022, the UK imported 3.41 thousand tons of cashew nuts from Vietnam, worth 22.53 million USD, up 14.3% in volume and 38 % in value over the same period in 2021. Vietnam's cashew nut market share in total UK imports increased from 78.72% in the first 2 months of 2021 to 90.95% in the first 2 months of 2022. The market share of Vietnam's cashew nuts in the UK is very far away from the following suppliers such as India (accounting for 2.83%), the Netherlands (2.12%), Ivory Coast (156%) ... According to the International Trade Commission, in February 2022, the UK imported 2 thousand tons of cashew nuts, worth 13.17 ...

Source: Vinacas