Cashews: exports decline in the first quarter
April 13, 2022 at 3:55 PM ,
Der AUDITOR
Some key markets have cut back on imports
Vietnam exported around 40,000 mt of cashew kernels worth USD 241 million in March 2022, according to the Vietnam Customs Office. This represents an 11% decrease in volume and a 9% decrease in value compared to the same month last year. Total exports in the first quarter of this year are 105,000 mt worth 630 million USD - here the declines of 6.7% in volume and 5% in value are not quite as high, but still noticeable. The Vietnam Cashew Association (Vinacas) explains that while exports of W320 cashews to the USA, Germany, the UK and France continue to increase, other important key markets such as the Netherlands, Italy, China and Russia have reduced their imports of Vietnamese cashews.
Prices on the European spot market remain stable for the time being and are unchanged at EUR 6.70/kg FCA Spain for cashews, WW320.
Cashew kernels, Vietnam |
||
Type |
EUR/kg |
USD/kg |
WW320 |
6.70 |
7.25 |
WW240 |
7.30 |
7.90 |
WW210 |
8.40 |
9.10 |
WW180 |
8.95 |
9.96 |
FCA Spain |
EU imports slightly increased
EU cashew imports increased slightly in 2021 compared to the previous year and amounted to 155,847 mt. The most important supplier by far remains Vietnam, which was able to ship more than 120,000 mt to the EU, more than ten times as much as India. Côte d'Ivoire and Indonesia achieved massive increases of 134% and 110% respectively in their shipments to the EU, while India, Brazil and the UK suffered heavy losses.
EU cashew* imports from third countries, in mt |
|||
Supplier |
2020 |
2021 |
Diff. |
Vietnam |
110,735 |
120,463 |
8.8% |
India |
16,487 |
11,341 |
-31.2% |
Côte d'Ivoire |
3,425 |
8,006 |
133.8% |
Brazil |
6,284 |
3,728 |
-40.7% |
Burkina Faso |
2,081 |
2,615 |
25.7% |
Indonesia |
936 |
1,961 |
109.5% |
Ghana |
1,263 |
1,276 |
1.0% |
Mozambique |
1,261 |
1,191 |
-5.6% |
Nigeria |
543 |
986 |
81.6% |
UK |
4.786 |
958 |
-80.0% |
Others |
2,836 |
3,322 |
17.1% |
Total |
150,637 |
155,847 |
3.5% |
European Commission *08013200 Fresh or dried cashew nuts, shelled |
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