Free of charge

Cashews: Vietnam dependent on RCN imports

November 9, 2022 at 4:40 PM , Der AUDITOR
Play report as audio

HANOI. After Vietnam's import of raw cashew nuts increased massively in the last ten years, imports have now declined due to the Ukraine war. A similar picture is emerging for exports.

Only 30% of RCN from the own country

Although Vietnam is the largest exporter of processed cashews, only 30% of the RCN are harvested domestically. Tran Ngoc Liem, director of the Vietnam Confederation of Trade and Industry, emphasised this during a workshop, as reported by the Vietnam Cashew Association (Vinacas). Referring to recent customs data, Liem disclosed that Vietnam imported a total of 1.4 million mt of raw cashew nuts in the first nine months of 2022. Major sourcing countries include Côte d'Ivoire, Ghana, Nigeria, as well as Cambodia and Indonesia. However, the difficult geopolitical situation has caused Vietnamese imports to fall by almost 36% year-on-year. 2021 was a record year with 2.9 million mt of imported raw nuts - for comparison, compared to 2011, the first year in which official customs import data were published, they increased 74-fold in 2021.

Exports also down

Exports are also showing a decline. Liem states that Vietnam has been the world's largest exporter of cashew kernels for 15 years, accounting for 80% of global shipments. However, Russia's ongoing war in Ukraine and high energy costs are causing various problems for exports. For this reason, Vietnamese cashew exports have fallen 11% so far this year compared to 2021, and only amount to 380,536 mt. Particularly sharp declines were recorded in shipments to Ukraine (-82.1%), Russia (-34.1%), China (-31%) and the USA (-19%).

Cashew kernels, Vietnam

Type

EUR/kg

USD/kg

WW320

5.90

5.90

LBW320

5.65

5.65

FCA Spain

View more
price charts for edible nuts
price charts for dried fruit, oilseeds, spices and more

View related articles

Go to the News Overview
Nuts
May 16, 2025
PALMA/FRESNO. Despite the US entering an on-year in terms of production, the figures presented at last week’s International Nut and Dried Fruit Council Congress show that global production will range lower than last year. US exports are down. The Geneva deal has added a surprise twist to the market.
Nuts
May 15, 2025
CANBERRA. Australia's March exports may not quite match the record result of the same month last year, but they are still in the top league. However, if the current season is similarly successful, stocks could become scarce.
Nuts
May 15, 2025
DALIAN/PALMA. Abundant carry-over stocks should be able to compensate for the expected production deficit in the coming season. Spain and Portugal are still feeling the after-effects of the extreme drought in 2022/2023.
Nuts
May 15, 2025
ORDU. Some participants were enraged at the figures presented for hazelnuts at last week’s International Nut and Dried Fruit Council Congress in Majorca. Buyers are keen to seize the moment.