Nuts

Cashews: exports decline in the first quarter

April 13, 2022 at 3:55 PM, Der AUDITOR
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HANOI. The latest statistics from the Vietnam Customs Department show that the country's cashew exports in the first quarter of 2022 fell in both volume and value compared to the same period last year. March exports have also declined.

Some key markets have cut back on imports

Vietnam exported around 40,000 mt of cashew kernels worth USD 241 million in March 2022, according to the Vietnam Customs Office. This represents an 11% decrease in volume and a 9% decrease in value compared to the same month last year. Total exports in the first quarter of this year are 105,000 mt worth 630 million USD - here the declines of 6.7% in volume and 5% in value are not quite as high, but still noticeable. The Vietnam Cashew Association (Vinacas) explains that while exports of W320 cashews to the USA, Germany, the UK and France continue to increase, other important key markets such as the Netherlands, Italy, China and Russia have reduced their imports of Vietnamese cashews.

Prices on the European spot market remain stable for the time being and are unchanged at EUR 6.70/kg FCA Spain for cashews, WW320.

Cashew kernels, Vietnam

Type

EUR/kg

USD/kg

WW320

6.70

7.25

WW240

7.30

7.90

WW210

8.40

9.10

WW180

8.95

9.96

FCA Spain

EU imports slightly increased

EU cashew imports increased slightly in 2021 compared to the previous year and amounted to 155,847 mt. The most important supplier by far remains Vietnam, which was able to ship more than 120,000 mt to the EU, more than ten times as much as India. Côte d'Ivoire and Indonesia achieved massive increases of 134% and 110% respectively in their shipments to the EU, while India, Brazil and the UK suffered heavy losses.

EU cashew* imports from third countries, in mt

Supplier

2020

2021

Diff.

Vietnam

110,735

120,463

8.8%

India

16,487

11,341

-31.2%

Côte d'Ivoire

3,425

8,006

133.8%

Brazil

6,284

3,728

-40.7%

Burkina Faso

2,081

2,615

25.7%

Indonesia

936

1,961

109.5%

Ghana

1,263

1,276

1.0%

Mozambique

1,261

1,191

-5.6%

Nigeria

543

986

81.6%

UK

4.786

958

-80.0%

Others

2,836

3,322

17.1%

Total

150,637

155,847

3.5%

European Commission

*08013200 Fresh or dried cashew nuts, shelled

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