Who are the two biggest importers of Vietnam’s cashew? 

Cashew nut exports in the first half of 2022 faced many difficulties due to reduced consumption, small orders, etc, but still, retain an important role in major markets such as the US and China. 

According to data from the General Department of Customs, in June 2022, cashew nut exports were estimated at nearly US$285 million, down 6.9% in volume and 6.5% in value compared to May 2022. Accumulating 6 months, cashew nut exports are estimated at more than 1.5 billion USD, down 9.2% over the same period in 2021.

According to the Import-Export Department (Ministry of Industry and Trade), Vietnam is currently the number 1 supplier of cashew nuts to the US and China, and Vietnam’s cashew nut market share in these two markets has gone up.

Specifically, data from the US International Trade Commission shows that in the first 6 months of the year, the US imported 80,000 tons of cashew nuts, equivalent to US$ 521 million, up 4% in volume and 8.5% in value compared to the same period in 2021.

Vietnam’s cashew nut market share in total US imports increased from 88.3% in the first 6 months of 2021 to 89.9% in the first 6 months of 2022.

In contrast, the cashew nut market share of Brazil and India in total US imports decreased, from 3.8% and 1.9% in the first 6 months of 2021 to 2.2% and 1% respectively in the first 6 months of 2022.

According to the Chinese Customs, the cashew nut imports of this market in the first 6 months of the year reached 141.5 million USD, up 134% over the same period in 2021, In which, Vietnam is the largest source of cashew nuts for China with US$125 million, up 146% over the same period in 2021. Vietnam’s cashew nut market share in China’s total import value increased from 83.7% in the first 6 months of 2021 to 88.2% in the first 6 months of 2022.

Market current situation

The market is still weak and there is not much buying demand. According to the Vietnam Cashew Association (VINACAS), it is very difficult to consume cashew kernels due to influences from the destination markets this year. Currently, inflation in countries has reached a very high level compared to the previous period.

With the current price of all items being so expensive, people have to spend more money on essential needs, which leads to non-essential items such as cashews being consumed slowly and the price of cashews is also very low and difficult to increase at this time. 

SIAL Paris is the world’s largest food industry event. It provides privileged access to all the key players in the sector. It is an event that generates business and accelerates growth. The theme of the 2022 edition is Own the change. SIAL Paris aims to unite the ecosystem around the major transformations taking place in the food industry. The show is a unique place of inspiration around products, a space for exchanges on issues, trends and best practices in the sector. 

Prosi Thang Long JSC will be exhibited at 8D108-04 and we are glad to welcome you to there. In our stall, we are able to supply all information you need about our products namely pepper, cinnamon cassia, star anise, desiccated coconut and cashew nut.

With a total surface area of 250,000 m2, each of the fairs attracted about 7,000 enterprises to showcase from more than 120 countries around the world, welcoming more than 300,000 visitors from over 190 countries around the world to visit and work in the fair.

This year, of 7000 enterprises from 120 countries in the world, there are 36 Vietnamese enterprises in the fields of agricultural products and food processing.

Gulfood is the world’s largest annual food & beverage trade exhibition. The event attracts food and beverage industries and professionals to Dubai from all over the world. The event aims at promoting the foods and beverage industries. The event also conducts seminars for newly established businesses to gain knowledge from professionals and train under them. The visitors get to enjoy a wide variety of cuisines from different parts of the world and learn about cuisines and gadgets.
The event is expected to help Vietnamese enterprises find consumers, sign export contracts and expand their market share in the Middle East, Africa and Southwest Asia. This exhibition will include 120 national pavilions with more than 5,000 exhibitors. The five-day event is expected to attract more than 90,000 visitors from at least 170 countries and territories.

Việt Nam’s pepper output this year would reach around 200,000 tonnes, according to the International Pepper Community (IPC).

Output of black pepper was forecast at 175,000 tonnes, while the remainder would be white pepper.

The IPC also predicted the pepper output of the world’s biggest exporters such as Việt Nam, Brazil, Indonesia and India in 2019 would be lower than last year.

The Import-Export Department under the Vietnamese Ministry of Industry and Trade said up to 95 per cent of Việt Nam’s pepper output was exported.