中文 (中国)
Particularly in September 2022, the average export price of Vietnam’s cashew nuts was estimated at 6,136 USD/ton, up 0.5% compared to June 2022 but down 7.7% compared to September 2021.
The Import-Export Department (Ministry of Industry and Trade) quoted data from the General Department of Customs as saying, it is estimated that in September 2022, cashew nut exports will reach 40,000 tons, worth 245 million USD, down 14.6% in volume and 10.3% decrease in value compared to August 2022; compared to September 2021, down 22.2% in volume and 28.2% in value.
Generally, in the first 9 months of 2022, cashew nut exports are estimated at 382 thousand tons, worth 2.29 billion USD, down 10.6% in volume and 14% in value over the same period in 2021.
In the first 9 months of 2022, the average export price of Vietnam’s cashew nuts was estimated at $5,992/ton, down 3.7% over the same period in 2021.
Armed conflict between Russia and Ukraine affects Vietnam’s cashew exports. The recession of major economies, high inflation makes consumers tend to increase savings.
This will be a barrier for the US to reduce cashew nut imports in the remaining months of 2022, despite a possible increase in consumption demand at the end of the year (according to the cyclical factor).
High-priced products are unlikely to be the choice of many people in the context of the not-so-good economic situation.
However, the market still showed a positive signal when the demand for cashew imports from the EU and China still increased strongly. Therefore, Vietnam’s cashew industry needs to exploit the advantages that new-generation free trade agreements bring to boost exports to these markets.
Currently, exports of most types of cashew nuts have increased, except for W240 and DW cashews. Export proportion of W320 cashew nuts accounted for 41.31% of the total volume and 45.53% of the total value; W240 cashew nuts accounted for 14.03% of the total volume and accounted for 16.28% of the total value.