Cashew nut export turnover and volume both decreased sharply compared to the same period last year, according to the latest statistics of the General Department of Customs.
Specifically, in the first 15 days of February, the whole country exported 7,643 tons of cashew nuts, with a turnover of 46 million USD. In general, from the beginning of the year to February 15, the whole country exported 47,724 tons of cashew nuts, with a turnover of 283.8 million USD. Compared to the same period last year, the volume decreased by 18.24%, the turnover decreased by 17.5%. In 2021, the whole country exported 579,773 tons of cashew nuts, the turnover reached 3.64 billion USD. In 2022, VINACAS aims to reach 3.8 billion USD.
In 2021, the whole country exported 579,773 tons of cashew nuts, with a turnover of 3.64 billion USD. In 2022, VINACAS aims to reach 3.8 billion USD.
At the recent Congress of the Vietnam Cashew Association (VINACAS) for the X term (2021-2026), VINACAS Vice President Nguyen Minh Hoa said that in 2021, Vietnam will continue to maintain its number one position in the world in terms of exports. cashew kernels, accounting for 80% of the total cashew kernel exports of the world.
In key markets around the world:
Vietnam’s cashew nuts are holding a dominant market share (the US and China have 90% market share, the Netherlands 80%, Germany 60%…). However, Vietnam is also a country that imports pre-processed cashew nuts in large quantities from African countries. In addition to exporting pre-processed cashew kernels to Vietnam, African countries have also increased their direct exports of cashew kernels to Europe due to the advantage of geographical location…
Regarding raw cashews, 2021 is the year that Vietnam has 2 records, which is the largest import record ever and the record imported from Cambodia with over 1 million tons of cashew nuts.
From the actual situation and development requirements, in the tenth term, VINACAS will promote the construction to propose to the Government “Strategy for development of Vietnam’s cashew industry in the new situation”.
In particular, the State’s mechanisms and policies are proposed to achieve two major goals: strongly develop deep processing, meet the diverse needs of the world market, and gain a worthy position in the global cashew value chain. and strongly develop the raw material area in the direction of quality and efficiency; both creating an initiative in the source of quality raw materials for processing, and contributing to the successful implementation of the state’s three-farm policy.