CashewInformation
News

Home   >   NEWS & VIEWS   >   News

    1
  • China promotes cashew nut imports from Africa and Cambodia, reducing imports from Vietnam 06/09/2023

    Jun 9th, 2023

    China promotes cashew nut imports from Africa and Cambodia, reducing imports from Vietnam In May 2023, Vietnam's cashew nut exports still grew positively. However, China (Vietnam's big cashew import market) has boosted cashew nut imports from Africa and Cambodia, reducing imports from Vietnam. According to statistics from China's Customs, the country's cashew imports in the first four months of 2023 reached 11.66 thousand tons, worth over 50 million USD, up 26.1% in volume, but decreased. 9.9% in value over the same period last year. The average import price of China's cashew nuts reached $4,287 per ton, down 28.6% over the same period in 2022. The main sources of cashew nuts for China include: Vietnam, Benin, Ivory Coast, Cambodia and Togo. In the first 4 months of 2023, China reduced cashew nut imports from Vietnam, but increased cashew nut imports from Benin, Ivory Coast, Cambodia, Togo... However, the quantity and value Import prices from these markets remained low. If this trend persists, these will be the competitors of the Vietnamese cashew industry in the Chinese market. According to statistics, China tends to increase the import of raw and preliminarily processed cashew nuts, and reduce the import of intensively processed cashew nuts. China is a member of the Vietnamese government In May 2023, Vietnam's cashew nut exports still grew positively. China is a member of the Vietnamese government Source: China Customs (*) Note HS 080131 Cashew nuts, fresh or dried, not shelled; HS 080132 Cashew nuts, fresh or dried, shelled In May, our cashew nut exports grew quite positively. According to estimates, Vietnam's cashew exports in May 2023 reached 57 thousand tons, worth 331 million USD, up 10.9% in volume and 8.3% in value compared to April 2023. compared to May 2022, an increase of 13.9% in volume and 8.3% in value. In the first 5 months of 2023, Vietnam's cashew nut exports were estimated at 219 thousand tons, worth 1.28 billion USD, up 8.0% in volume and 5.5% in value over the same period last year. last year. In May 2023, the average export price of Vietnam's cashew nuts was estimated at US$5,805/ton, down 2.3% compared to April 2023 and down 4.9% compared to May 2022. Generally in the first 5 months of 2023, the average export price of Vietnam's cashew nuts is estimated at 5,850 USD/ton, down 2.4% over the same period in 2022. Regarding types of cashew nuts in the first 4 months of 2023, Vietnam mainly exported cashew nuts W320, W240, W180, accounting for 62.3% of the total volume and 69.5% of the total export turnover of cashew nuts of all kinds. Therefore, the export growth of the above types of cashew nuts has had a positive impact on the whole industry. According to calculations from the General Department of Customs, in April 2023, our country's W320 cashew nut exports reached 20.61 thousand tons, worth 130.44 million USD, up 3.4% in volume and 3. .6% in value compared to the previous month, but compared to April 2022, down 0.6% in volume and 0.2% in value. Generally, in the first 4 months of 2023, W320 cashew nut exports reached 67.75 thousand tons, worth US$427.11 million, up 6.8% in volume and 3.3% in value over the same period last year. . In the first four months of 2023, the proportion of W320 cashew nut exports accounted for 41.7% of the total volume and 44.8% of the country's total turnover. Similarly, in the first 4 months of 2023, the export of cashew nuts W240, W180 increased by 5.4% and 57.4% respectively in volume, in terms of turnover increased by 5.2% and 48.4% compared to that of the same period last year, reaching 24.15 thousand tons and 9.28 thousand tons, worth $164.35 million and $70.86 million. In contrast, Vietnam reduced exports of some types of cashew nuts in the first 4 months of this year, including WS/WB, SP, W210, DW cashews. In general, exports of the above categories are low.


    Source: https://www.vinacas.com.vn/
Top