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In addition, the increase in demand for imported cashew nuts from Germany will have a positive impact on the cashew nut industry in Vietnam .
The Import and Export Bureau of the Ministry of Industry and Trade of Vietnam cited statistics from the International Trade Center (ITC) that in the first nine months of 2021, Germany imported 45,200 tons of cashew nuts from the global market, valued at US$32443 million, compared with the same period in 2020 due to transportation difficulties.
A decrease of 9.
5%, and a 14.
1% decrease in the value of goods
.
The complicated development of Vietnam's new crown epidemic and difficulties in customs clearance are the reasons for the decline in the amount of cashew exports to Germany in the first nine months of 2021
.
A decrease of 9.
5%, and a 14.
1% decrease in the value of goods
.
The complicated development of Vietnam's new crown epidemic and difficulties in customs clearance are the reasons for the decline in the amount of cashew exports to Germany in the first nine months of 2021
.
In the first nine months of 2021, the average import price of cashew nuts in Germany was US$7,177/ton, down 5.
1% from the same period in 2020
.
Among them, the average import price of German cashews from Vietnam, India, and the Netherlands has declined; however, the average import price from Indonesia and Ivory Coast has increased
.
In the first nine months of 2021, due to the Covid-19 pandemic, Germany reduced its imports of cashew nuts from Vietnam, but the decline in imports from Vietnam was still lower than the decline in imports from the Indian and Dutch markets
.
1% from the same period in 2020
.
Among them, the average import price of German cashews from Vietnam, India, and the Netherlands has declined; however, the average import price from Indonesia and Ivory Coast has increased
.
In the first nine months of 2021, due to the Covid-19 pandemic, Germany reduced its imports of cashew nuts from Vietnam, but the decline in imports from Vietnam was still lower than the decline in imports from the Indian and Dutch markets
.
In the first nine months of 2021, Germany imported 28,230 tons of cashew nuts from Vietnam, valued at US$201.
2 million, a decrease of 1.
7% and 7.
0% respectively from the same period in 2020
.
However, the Vietnamese cashew market share in the total imports of German cashew nuts has increased from 57.
51% in the first nine months of 2020 to 62.
46% in the first nine months of 2021
.
2 million, a decrease of 1.
7% and 7.
0% respectively from the same period in 2020
.
However, the Vietnamese cashew market share in the total imports of German cashew nuts has increased from 57.
51% in the first nine months of 2020 to 62.
46% in the first nine months of 2021
.
Germany is the largest import market for cashew nuts in the European Union (EU)
.
According to data from Eurostat, Germany's cashew nut imports account for about 29% of the EU's total and value
.
Due to the high demand of the food processing industry and the final consumer demand of the people, the consumption demand for cashew nuts in Germany is increasing
.
.
According to data from Eurostat, Germany's cashew nut imports account for about 29% of the EU's total and value
.
Due to the high demand of the food processing industry and the final consumer demand of the people, the consumption demand for cashew nuts in Germany is increasing
.
In terms of supply structure, Vietnam is still the largest source of cashew nuts in the German market, with stable supply and guaranteed quality
.
Benefiting from the advantages of the "EU-Vietnam Free Trade Agreement" (EVFTA), Vietnam's cashew exports to the German market are promising in 2022
.
In addition, the increase in demand for imported cashew nuts from Germany will have a positive impact on the cashew nut industry in Vietnam
.
.
Benefiting from the advantages of the "EU-Vietnam Free Trade Agreement" (EVFTA), Vietnam's cashew exports to the German market are promising in 2022
.
In addition, the increase in demand for imported cashew nuts from Germany will have a positive impact on the cashew nut industry in Vietnam
.
According to information from https:// during 2020-2025, the consumption demand for cashew nuts in Germany will increase by an average of 4.
1%
.
The German cashew nut market is mainly concentrated in the snack food sector, while the demand for cashews and crushed nuts comes from the booming food industry
.
Cashew nuts are mainly used as salt roasted snacks in the German market
.
Recently, cashew kernels have also been used in large quantities in the food industry
.
German consumers are more and more fond of cashews.
In addition to their health benefits, the price of cashews is more competitive than other nuts such as almonds
.
(Finish)
1%
.
The German cashew nut market is mainly concentrated in the snack food sector, while the demand for cashews and crushed nuts comes from the booming food industry
.
Cashew nuts are mainly used as salt roasted snacks in the German market
.
Recently, cashew kernels have also been used in large quantities in the food industry
.
German consumers are more and more fond of cashews.
In addition to their health benefits, the price of cashews is more competitive than other nuts such as almonds
.
(Finish)
