Free of charge

Cashews: Vietnam's exports continue to decline

October 12, 2022 at 12:40 PM , Der AUDITOR
Play report as audio

HANOI. The crises on the world markets have not left Vietnam's cashew industry untouched; exports have declined significantly both in value and volume. Germany's imports paint a similar picture.

Exports have fallen sharply

As reported by the Vietnam Cashew Association (Vinacas) in reference to Vietnam's Ministry of Industry and Trade, Vietnam's cashew exports in the first nine months of 2022 stood at 382,000 mt valued at USD 2.29 billion. This represents a decrease of 10.6% in volume and 14% in value compared to the same period last year. The average export price was USD 5,992/mt. In September, exports totalled 40,000 mt worth USD 245 million, down 22.2% in volume and 28.2% in value compared to September 2021, according to the customs office.

Russia's ongoing war in Ukraine is affecting Vietnam's cashew exports, as inflation and even recession in some destination countries are significantly reducing purchasing power. For example, demand initially increased in the USA, but imports are likely to be cut back in the remaining months of the year; high-priced products, which include cashews, are unlikely to remain the focus of buyers. Hopes are pinned on the markets in China and the EU - here free trade agreements have facilitated exports and buying interest remains high. Particularly in demand are the W320 variety, which accounts for over 40% of total exports, followed by W240 cashews at 14%.

Cashew kernels

Type

EUR/kg

USD/kg

WW320, Vietnam, FCA Spain

6.05

5.88

Large white pieces, Vietnam, FCA Spain

4.90

4.76

W320, FOB India

8.44

8.20

W240, FOB India

9.11

8.85

Trade sources

India's exports to Germany slump

German cashew imports show a slight decline. Between September 2021 and July 2022, a total of 53,225 mt of cashew kernels were imported, 5.8% less than in the same period last year. Shipments from Vietnam, the most important source country, remained almost unchanged, while India's exports to Germany slumped by over 70%. In contrast, imports from the Netherlands (+97.5% to 4,194 mt), Cote d'Ivoire (+231.2% to 2,987 mt) and Honduras (+967% to 2,326 mt) increased significantly.

Cashew* imports, Germany, in mt

Supplier

2020/21

2021/22

Diff.

Vietnam

35,096

35,135

0.1%

India

14,179

4,223

-70.2%

Netherlands

2,124

4,194

97.5%

Cote d'Ivoire

902

2,987

231.2%

Honduras

218

2,326

967.0%

Indonesia

1,327

1,551

16.9%

Brazil

837

624

-25.4%

Burkina Faso

497

624

25.6%

Mozambique

470

357

-24.0%

Nigeria

259

202

-22.0%

Others

620

1,002

61.6%

Total

56,529

53,225

-5.8%

Federal Statistical Office of Germany / Sep-Jul

*08013200 Fresh or dried cashew nuts, shelled

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
Jul 2, 2025
ISTANBUL/BRUSSELS. Although production is expected to decline sharply in Turkey this year, a supply squeeze is out of the question for pistachios. Traders are quite relaxed about the conflict between Israel and Iran. Challenges prevail in Syria, despite Trump lifting sanctions this week. EU spending has soared by 29% in the first six months of the year.
Nuts
Jul 1, 2025
NEW FARM. Australian Macadamias has sharply downgraded the mid-season crop forecast in July. Growers and processors are struggling with one of the most difficult and unpredictable seasons in recent years.
Nuts
Jun 30, 2025
NEW DELHI. Farmers in India are keen to purchase high-quality seeds to sow peanuts. Edible oil is trading lower. Yields have risen sharply in the state of Uttar Pradesh.
Nuts
Jun 26, 2025
ORDU. Bids did not live up to the TMO’s expectations in last week’s tender for hazelnuts. Wide price gaps prevail. Good news concerning the 2025 crop has emerged in the orchards. Economic indicators are somewhat promising for Turkey.