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Exports of cashew nuts in first ten months of 2019 

 Friday, December 13,2019

AsemconnectVietnam - According to the General Department of Customs, in the first 10 months of 2019, cashew exports reached 372,290 tons, worth of 2.7 billion USD, up by 22.3 per cent in volume, but down by 4.0 per cent in value compared to the first 10 months of 2018.

In October of 2019 alone, cashew exports increased both in volume and value, up by 3.5 per cent and 4.2 per cent respectively to 44,000 tons, worth of 304.67 million USD.
Although ranked third in raw cashew output, Vietnam is leading the world in exporting cashew nuts for 10 consecutive years.
Vietnam's cashews are exported to 27 countries and territories, of which the US, China, the Netherlands, Germany and the UK are the main markets. The amount of cashew exports to those countries accounted for 65.92 per cent of total cashew exports, of which the exports to the US reached 122,590 tons, reaching 865.52 million USD, up by 7.91 per cent in volume but down by 18.12 per cent in value, with the average export price of 7060.01 USD per ton, down by 24.12 per cent over the same period of 2018.

In October of 2019 alone, Vietnam also exported to the US 13,510 tons of cashew nuts, worth of 88.76 million USD, down by 3.66 per cent in volume and 2.98 per cent in value, with the average price of 7060.01 USD per ton, up by 0.71 per cent compared to September of 2019. As compare to October of 2018, the figure was up by 40.19 per cent in volume and by 5.47 per cent in value, and the average price decreased by 24.76 per cent.

China ranked second after the US market with the exports of 58,140 tons, worth of 447.28 million USD, up by 58.16 per cent in volume and by 36.30 per cent in value over the same period of 2018, although the average export price decreased by 13.82 per cent with only 7692.53 USD per ton. In October of 2019 alone, it also exported to the Chinese market 8,420 tons, valued at 63.70 million USD, the average price reached 7564.35 USD per ton, up by 8.2 per cent in volume, 9.59 per cent in value. The average price increased by 1.29 per cent compared to September of 2019. In comparison with October of 2018, the figure increased both in volume and in value, by 25.74 per cent and 17.11 per cent respectively but the average price decreased by 6.86 per cent.

The next were the Netherlands, Germany and England with 36,610 tons; 14,480 tons and 13,590 tons, worth 275.13 million USD; 109.22 million USD and 92.23 million USD, respectively.
In general, in the first 10 months of 2019, cashew exports to markets mostly increased in volume, accordingly, the exports to Pakistan increased by 2.4 times (an increase of 137.5 per cent), but only reached 133 tons, valued at 1.03 million USD, an increase of 2.1 times (ie 114.34 per cent) over the same period in 2018, the average export price was at 7760.79 USD per ton, down by 9.75 per cent. Particularly in October of 2019, it also exported to Pakistan 29 tons, worth of 238,300 USD, with the average price of 8217.24 USD per ton, down by 61.33 per cent in volume and 56.61 per cent in value, the average price was up by 12.23 per cent compared to September of 2019. In comparison to October of 2018, up by 3.57 per cent in volume, 6.9 per cent in value and the average price increased by 3.22 per cent.

In contrast, cashew nut exports to South Africa and Norway markets fell sharply, down by 23.59 per cent and 22.18 per cent respectively with 625 tons and 806 tons, and the turnover also decreased by 46.07 per cent and 42.09 per cent over the same period last year.
Notably, the structure of export markets of the first 10 months of this year compared to last year had more markets such as Saudi Arabia with 2,940 tons; Kuwait - 144 tons, Iraq – 1,200 tons and Egypt – 1,500 tons. The average export price to the Kuwait market reached the highest of 8776.31 USD per ton, to Iraq 8074.95 USD per tons and to Saudi Arabia 6534.31 USD per ton.

Vietnam’s exports of cashew nuts in the first ten months of 2019 – Source: the General Department of Customs
 
Market
First 10 months of 2019
+/- vs. same period of 2018 (%)
Volume (Ton)
Value (USD)
Volume
Value
The U.S
122,595
865,521,535
7.91
-18.12
China
58,145
447,282,313
58.16
36.3
The Netherlands
36,615
275,133,289
3.65
-20.32
Germany
14,488
109,224,566
49.38
17.54
Britain
13,595
92,233,994
10.44
-15.92
Australia
13,446
96,067,072
31.05
4.28
Canada
10,926
82,531,278
13.41
-13.36
Thailand
8,043
57,728,466
13.84
-10.42
Italy
6,552
37,061,906
2.79
-20.18
Russia
6,042
43,974,394
16.21
-6.94
Israel
5,903
45,563,046
26.95
1.15
France
4,620
38,271,994
26.92
0.08
Spain
4,552
34,012,160
42.47
13.57
Belgium
3,675
29,873,225
41.95
16.16
Japan
3,112
22,656,448
9.23
-15.21
New Zealand
2,667
18,246,076
11.59
-14.96
Taiwan
2,545
19,923,502
38.54
12.01
India
2,502
14,210,590
-37.9
-52.55
The U.A.E
1,987
11,434,232
-20.71
-40.7
Hong Kong (CN)
1,937
19,211,539
23.14
9.56
The Philippines
1,281
7,489,612
-7.64
-38.26
Greece
1,004
7,386,892
60.13
28.98
Ukraine
913
6,765,785
64.21
37.1
Norway
806
5,921,565
-25.58
-42.09
South Africa
625
4,221,154
-23.59
-46.07
Singapore
514
3,800,778
-8.21
-30.48
Pakistan
133
1,032,185
137.5
114.34


































CK
Source: VITIC

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