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  • Ten months in cashew exports earned US $ 2.34 billion

    Dec 5th, 2016

    According to statistics of the General Administration of Customs, the export volume of cashew nuts 10 months to reach 290 936 tonnes, equivalent to US $ 2.34 billion, up 5.8% in volume and 16.9% in value compared to the same period in 2015. it is expected that the exports of cashew nuts in 2016 reached nearly $ 3 billion, continues to lead the world.USA, Netherlands and China remained the third biggest market for Vietnam's cashew nuts. Specifically, exports of cashew nuts to the US (reaching 795.4 million USD, accounting for 34%, an increase of 12.5% over the same period); exports to the Netherlands (reaching 315.8 million USD, accounting for 13.5%, an increase of 23%); to China (reaching 332.7 million USD, accounting for 14.2%, 24.4%).

    Overall in the first 10 months, exports of cashew nuts to the market most of the positive growth in turnover compared to the same period last year; which increased sharply in some markets such as Pakisstan (+ 197%), India (+ 80.7%), Russia (+ 59%), France (+ 56.6%), and Ukraine (+ 80% ).In the domestic market, the price of purchasing dried nuts are reaching record highs in recent years. In Binh Phuoc - where the largest cashew production in the country reached 200,000 tons / year, the current supply was exhausted, up to 52,000 VND / kg.

    According to Binh Phuoc Cashew Association, the province has more than 210 enterprises and 400 cashew processing facilities with a total capacity of 130,000 tonnes / year, but only 81 287 tonnes of grain were purchased / year, which is only about 65% of production province of crude, the rest must be imported for processing raw materials. High prices in 2016 may affect the overall demand in 2017.

    According to forecasts, the price of cashew nuts to dry while still continuing upward trend by rising demand, but supply dwindling, so affected by the weather. Output of articles of Vietnam's 2016 forecast did not increase compared to 2015. In order to ensure supply, the processors can not rely on that source of raw materials locally. Approximately 2/3 of the export of processed cashew annually from imported sources. West Africa accounts for about 46% of global production of crude (2015) and most of the crude produced in this region are processed in India, Vietnam or Brazil.

    The first 10 months of 2016, the business has imported 913,000 tons of crude, worth $ 1.4 billion, up 17% in volume and 39% in value compared to the same period of 2015. The forecast this year, Vietnam Men may import 1 million tons of rolled material (if the import quota from Cambodia), accounting for 65% of domestic processing conditions. He was rated as industry turnover brings "billions"; however, quantities imported as above, this sector is one of the sectors with the supply and demand of raw materials most serious imbalances.

    Preliminary statistics on the export of cashew GDC first 10 months of 2016

    Unit: USD

    Market

    10T / 2016

    10T / 2015

    +/- (%) 10T / 2016 yoy

    Total turnover

    2337035600

    1998673971

    +16.93

    USA

    795 395 792

    707 363 814

    +12.45

    China

    332 740 382

    267 402 548

    +24.43

    Netherlands

    315 758 533

    256 823 498

    +22.95

    Brother

    105 584 366

    86,035,109

    +22.72

    Australia

    102 718 034

    102 245 534

    +0.46

    Virtue

    83,085,321

    56,471,424

    +47.13

    Canada

    75,368,763

    72,119,451

    +4.51

    Thailand

    52,679,503

    57,235,562

    -7.96

    Israel

    33,093,758

    22,127,841

    +49.56

    Italia

    30,003,061

    25,123,661

    +19.42

    Fall

    28,313,524

    17,798,975

    +59.07

    India

    23,319,248

    12,906,335

    +80.68

    France

    23,167,335

    14,792,749

    +56.61

    United Arab Emirates

    22,198,042

    23,759,340

    -6.57

    Japan

    21,063,504

    22,769,421

    -7.49

    New Zealand

    18,047,752

    16,905,553

    +6.76

    Spain

    16,828,803

    17,492,183

    -3.79

    Taiwan

    16,780,524

    18,987,015

    -11.62

    Hong Kong

    14,875,624

    12,639,165

    +17.69

    South Africa

    8609997

    10,192,263

    -15.52

    Pakistan

    8600607

    2895433

    +197.04

    Belgium

    8462110

    10,905,254

    -22.40

    Singapore

    7425416

    6781234

    +9.50

    Philippines

    7174013

    5470688

    +31.14

    Norway

    6727242

    5256127

    +27.99

    Greek

    6451963

    6303780

    +2.35

    Ukrainian

    1887319

    1048200

    +80.05

    Thuy Chung

    Source: Vinanet


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