Cashews: Vietnam retains market position in U.S.

April 25, 2022 10:27 AM, Der AUDITOR
Play report as audio

HANOI. Vietnam is the leading supplier of cashews for the U.S. and the UK. While Vinacas, the Vietnam Cashew Association, is concerned about losing market shares in the U.S., things are more encouraging in the UK. Prices are also turning in different directions in the EU and India.

U.S. imports shift towards Africa

The U.S. imported 13,510 mt of cashews worth USD 90.66 million in January, which is 13.5% up in terms of volume and 24.2% up in terms of value on January 2021 as recently issued United States International Trade Commission (USITC) data shows. Vietnam supplied as much as 11,780 mt worth USD 78.24 million meaning that shipments to the US rose by 8.9% in terms of volume and by 19.1% in terms of value as compared with January 2021. Vinacas, nevertheless, highlights that the country's market shares declined from 90.87% to 87.2% in January since the U.S. has stepped up buying in Côte d'Ivoire, Nigeria and other countries. The Association, however, reckons that this trend will only be temporary and poses no real threat to Vietnam's position as top supplier.

Vietnam gains market shares in UK

Things are, by contrast, much more encouraging in the UK as Vietnam has clearly gained marekt shares here. Vietnam's Ministry of Industry and Trade reports that the UK imported 3,410 mt of cashew nuts worth USD 22.53 million from the country in January and February, which is 14.3% up in terms of volume and 38% up in terms of value on the same period last year. Vietnam, in other words, currently holds a market share of 90.95% in the UK, which is more than the 78.72% held last year. The UK imported a total of 3,700 mt of cashews worth USD 25.24 million in January-February 2022.

Spot market prices have declined slightly in Europe with prices for WW320 cashew kernels from Vietnam presently ranging at USD 7.13/kg FCA Spain. Prices are, however, relatively firm in India. W320 kernels currently cost USD 8.16/kg FOB India.

Cashew kernels




WW320, Vietnam, FCA Spain



Small pieces, Vietnam, FCA Spain



W320, FOB India



W240, FOB India



Trade sources


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

View related articles

Go to the News Overview
Sep 29, 2022
MADRID/SACRAMENTO. Spain's almond harvest is progressing, but yields leave much to be desired. Market players are also dissatisfied with the development of demand.
Sep 29, 2022
ORDU. With the US dollar gaining in strength and the euro losing in value buying and selling hazelnuts has become even more difficult for suppliers in Turkey. There is also some good news concerning the crop.
Sep 28, 2022
MANILA. The coconut market, like all other markets, has been badly hit by the crises in the world market. In addition, there is the typhoon season, which has already caused damage in the Philippines; all this will have an impact on prices.
Sep 26, 2022
ATLANTA. Over the past four seasons, pecan sales have increased massively in the US domestic market, and exports also achieved the hoped-for increase in the 2020/21 season. Farmers are struggling to keep up with the high demand.