News

Vietnamese products that occupy the top of the world are losing market share in China

Cashew Nut Kernel
China
Vietnam
Published May 29, 2022

Tridge summary

Although there is a trend of recovery in April 2022, according to statistics from the General Department of Customs, in the first 4 months of 2022, Vietnam's cashew nut exports reached $913.5 million, down 4.1% compared to the previous year. with the same period in 2021. Accordingly, cashew nut exports to the US, Germany, Australia, UK, Italy... grew positively. But in some main markets such as the Netherlands, China, Canada recorded a sharp decline. Worth mentioning, cashew nut exports to the Chinese market in the first four months of 2022 decreased by 51.6%.

Original content

Although there is a trend of recovery in April 2022, according to statistics from the General Department of Customs, in the first 4 months of 2022, Vietnam's cashew nut exports reached $913.5 million, down 4.1% compared to same period in 2021. Accordingly, cashew nut exports to the US, Germany, Australia, UK, and Italy markets... grew positively. But in some main markets such as the Netherlands, China, Canada recorded a sharp decline. Notably, cashew nut exports to the Chinese market in the first four months of 2022 decreased by 51.6%. Data from the Chinese Customs Administration shows that Vietnam's cashew nut market share in China's total imports decreased from 95.62% in the first quarter of 2021 to 76.27% in the first quarter of 2022. Meanwhile, the cashew nut market share of Myanmar and Ivory Coast in China's total import turnover has increased sharply over the same period in 2021, accounting for 18.5% and 4.97% respectively in the first quarter of 2022. In the opposite ...
Source: Vinacas
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