Among 33 cashew export markets, the United States is the largest export market with 93,105 tons, up 24% over the same period last year and accounting for 26% of Vietnam's total cashew exports.
In addition to the United States, Vietnam's cashew import markets of over 10,000 tons also include China with 65,837 tons, up 63% over the same period last year; Netherlands with 29,981 tons, up 13% over the same period last year; Germany with 11,814 tons, up 40% over the same period last year and UAE with 10,161 tons, up 37% over the same period last year.
In ASEAN, Vietnam exported 1,723 tons of cashew nuts to the Philippines, an increase of 9% over the same period last year; to Singapore with 563 tons, up 4% over the same period last year; Thailand with 4,705 tons, up 2% over the same period last year.
(Fomexco's booth at Biofach 2024 fair)
In terms of turnover, the three markets with the largest cashew export turnover in the first half of 2024 are the United States with 505 million USD, up 16% over the same period last year; China with 362 million USD, up 39% over the same period last year and the Netherlands with 168 million USD, up 7% over the same period last year. The total value of cashew nuts exported to these three markets reached 1.03 billion USD, accounting for 53% of Vietnam's export turnover of this item.
Regarding price, according to data from the General Department of Customs, cashew nuts exported to the Hong Kong market (China) have the highest price at 7,986 USD/ton, followed by Israel with 7,007 USD/ton. These are two of Vietnam's 33 cashew export markets with prices reaching over 7,000 USD/ton.
With the current growth rate, the Import-Export Department expects that cashew export turnover in 2024 will regain the record mark of 2021 and aim for a new record of 3.8 billion USD.
Vietnam's cashew exports reached a record level in value in 2021, with 3.63 billion USD. However, the increase was broken when in 2022, cashew exports decreased by 10.3% in volume and 15.1% in value, reaching 519,782 tons and 3.08 billion USD. In 2023, cashew export turnover increases again by 18% compared to 2022, reaching 3.6 billion USD.
According to the General Department of Customs, Vietnam's cashew export turnover increased by 18.7% over the same period last year, to 1.94 billion USD in the first 6 months of 2024.
Vietnam currently maintains the world's number one position in cashew export, accounting for more than 75% of cashew kernels exported globally and is the country that masters processing technology.
To promote sustainable development in the cashew industry, the Steering Committee for Agricultural Market Development of the Ministry of Agriculture and Rural Development recommends that cashew industry businesses invest in developing raw material source areas. This can be done through supporting and signing purchasing contracts with cashew growers, to ensure a stable source of raw materials and reduce dependence on imported cashew nuts, thereby improving competitiveness. competition for Vietnam's cashew exports.
In addition, it is necessary to strengthen links and connect resources, in order to strongly transition to deep processing activities with diverse products, meeting the different needs and tastes of consumers in different markets. consume.
Source: Tạp chí Doanh nghiệp & Tiếp thị