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63 billion U.
S.
dollars, an increase of 12% and 13% respectively over 2020 .
According to statistics from the Import and Export Department of the Ministry of Industry and Trade of Vietnam, the average export price of cashew nuts in November and December 2021 was US$6,500/ton, an increase of 0.
2% over the same period in 2020 .
In addition, the fourth quarter of 2021 will be the peak season for cashew nut sales, and imports in the United States, Europe, and China will increase .
In Vietnam, social distancing measures for epidemic prevention are gradually being relaxed, and production and transportation activities have become more convenient .
Due to the increase in cashew consumption in the fourth quarter and the preparation of Christmas in the global market, cashew exports increased, reaching the target set by the Ministry of Agriculture and Rural Development of Vietnam in 2021 .
Up to now, Vietnamese cashew nuts have been sold to more than 90 countries and regions
.
Among the markets for importing Vietnamese cashews, the US, Europe, China and India are still the main markets for Vietnamese cashews
.
The United States is still Vietnam’s largest export market for cashew nuts, with an export volume of 149,000 tons, accounting for nearly 30% of total exports
.
In the European market, the Netherlands and Germany are the two largest importers of Vietnamese cashew nuts
.
The representative of the Vietnam Cashew Nut Association stated that the European market accounts for more than 24% of Vietnam's cashew nut exports, and the Chinese market accounts for more than 14% of Vietnam's cashew nut exports
.
.
Among the markets for importing Vietnamese cashews, the US, Europe, China and India are still the main markets for Vietnamese cashews
.
The United States is still Vietnam’s largest export market for cashew nuts, with an export volume of 149,000 tons, accounting for nearly 30% of total exports
.
In the European market, the Netherlands and Germany are the two largest importers of Vietnamese cashew nuts
.
The representative of the Vietnam Cashew Nut Association stated that the European market accounts for more than 24% of Vietnam's cashew nut exports, and the Chinese market accounts for more than 14% of Vietnam's cashew nut exports
.
According to statistics from the United States International Trade Commission, the proportion of Vietnamese cashew nuts in the total imports of the United States has increased slightly from 89.
08% in the first seven months of 2020 to 89.
26% in the first seven months, and its market share has increased slightly
.
In the first seven months of this year, the United States imported about 97,62 million tons of cashew nuts, a year-on-year increase of 0.
5%; imports amounted to US$61568 million, a year-on-year decrease of 6.
1%
.
In the first seven months of this year, the United States imported 87.
13 million tons of cashew nuts from Vietnam, an increase of only 0.
7% year-on-year, and the import value was US$545.
8 million, a year-on-year decrease of 6.
4%
.
.
It is worth noting that the Vietnamese cashew industry is facing competition from markets such as Côte d’Ivoire (exports to the United States increased by 166.
4%), Nigeria (exports to the United States increased by 111.
1%) and the United States has increased its imports of cashew nuts from most major suppliers
.
08% in the first seven months of 2020 to 89.
26% in the first seven months, and its market share has increased slightly
.
In the first seven months of this year, the United States imported about 97,62 million tons of cashew nuts, a year-on-year increase of 0.
5%; imports amounted to US$61568 million, a year-on-year decrease of 6.
1%
.
In the first seven months of this year, the United States imported 87.
13 million tons of cashew nuts from Vietnam, an increase of only 0.
7% year-on-year, and the import value was US$545.
8 million, a year-on-year decrease of 6.
4%
.
.
It is worth noting that the Vietnamese cashew industry is facing competition from markets such as Côte d’Ivoire (exports to the United States increased by 166.
4%), Nigeria (exports to the United States increased by 111.
1%) and the United States has increased its imports of cashew nuts from most major suppliers
.
In the European market, Germany imported 28,230 tons of cashew nuts from Vietnam in the first nine months of this year, with an import value of US$201.
21 million, a year-on-year decrease of 1.
7% and 7.
0% respectively
.
Even so, the market share of Vietnamese cashew nuts in Germany has increased from 57.
51% in the first nine months of 2020 to 62.
46% in the first nine months of this year
.
The complicated development of the epidemic in Vietnam and difficulties in customs clearance are the reasons for the decline in cashew imports from Vietnam in the first nine months of this year
.
In the first nine months of this year, the average import price of cashew nuts in Germany was US$7,177/ton, a year-on-year decrease of 5.
1%
.
Among them, the average import price of German cashew nuts from markets such as India, the Netherlands and Vietnam has fallen.
Due to the impact of the epidemic, although Germany has reduced its imports of cashew nuts from Vietnam, the decline in imports from Vietnam is still lower than the decline in imports from the Indian and Dutch markets
.
21 million, a year-on-year decrease of 1.
7% and 7.
0% respectively
.
Even so, the market share of Vietnamese cashew nuts in Germany has increased from 57.
51% in the first nine months of 2020 to 62.
46% in the first nine months of this year
.
The complicated development of the epidemic in Vietnam and difficulties in customs clearance are the reasons for the decline in cashew imports from Vietnam in the first nine months of this year
.
In the first nine months of this year, the average import price of cashew nuts in Germany was US$7,177/ton, a year-on-year decrease of 5.
1%
.
Among them, the average import price of German cashew nuts from markets such as India, the Netherlands and Vietnam has fallen.
Due to the impact of the epidemic, although Germany has reduced its imports of cashew nuts from Vietnam, the decline in imports from Vietnam is still lower than the decline in imports from the Indian and Dutch markets
.
In the Chinese market, according to customs statistics, Vietnamese cashews maintained a rapid growth last year
.
In the first 10 months of this year, China imported 133 million US dollars of cashew nuts from Vietnam, an increase of 27.
9% year-on-year, and its market share reached 96.
3%
.
As the domestic cashew nut market continues to grow, Chinese companies are also seeking to import cashew nuts in more countries
.
Tanzania will open up cashew nut exports to China this year.
Chinese companies have purchased 400 tons of high-quality cashew nuts for the first time, which will be shipped directly to China, and more cashew nuts will be purchased domestically in the future
.
Previously, China's purchase of Tanzanian cashew nuts had to be transported to Vietnam for further processing through Eastern European traders, and then shipped to China
.
Now through the pen-hold mode, the transportation time can be shortened by one and a half months, and the dried nuts can be directly shipped to the country for processing on a fully automatic production line, and the cost can be reduced by about 20%
.
.
In the first 10 months of this year, China imported 133 million US dollars of cashew nuts from Vietnam, an increase of 27.
9% year-on-year, and its market share reached 96.
3%
.
As the domestic cashew nut market continues to grow, Chinese companies are also seeking to import cashew nuts in more countries
.
Tanzania will open up cashew nut exports to China this year.
Chinese companies have purchased 400 tons of high-quality cashew nuts for the first time, which will be shipped directly to China, and more cashew nuts will be purchased domestically in the future
.
Previously, China's purchase of Tanzanian cashew nuts had to be transported to Vietnam for further processing through Eastern European traders, and then shipped to China
.
Now through the pen-hold mode, the transportation time can be shortened by one and a half months, and the dried nuts can be directly shipped to the country for processing on a fully automatic production line, and the cost can be reduced by about 20%
.
