Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Vietnam - 2022
Contents:
- Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Vietnam (FOB) - 2022
- Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Vietnam (CIF) - 2022
- Exports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Vietnam
- Imports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Vietnam
Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Vietnam (FOB) - 2022
In December 2022, the average export price for nuts, edible; cashew nuts, shelled, fresh or drieds amounted to $5,756 per ton, flattening at the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2022 when the average export price increased by 3.4% m-o-m. The export price peaked at $6,060 per ton in June 2022; however, from July 2022 to December 2022, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major foreign markets. In December 2022, the highest price was recorded for prices to Japan ($6,319 per ton) and the Netherlands ($6,187 per ton), while the average price for exports to Italy ($4,759 per ton) and the UK ($5,252 per ton) were amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+4.1%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Vietnam (CIF) - 2022
In December 2022, the average import price for nuts, edible; cashew nuts, shelled, fresh or drieds amounted to $4,140 per ton, with a decrease of -3.7% against the previous month. In general, the import price recorded a mild downturn. The pace of growth appeared the most rapid in September 2022 an increase of 11% m-o-m. Over the period under review, average import prices hit record highs at $5,253 per ton in May 2022; however, from June 2022 to December 2022, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was India ($7,496 per ton), while the price for Mozambique ($3,433 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by India (+1.9%), while the prices for the other major suppliers experienced a decline.
Exports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Vietnam
In 2022, shipments abroad of nuts, edible; cashew nuts, shelled, fresh or drieds decreased by -15.4% to 429K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +1.4% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2020 with an increase of 13% against the previous year.
In value terms, exports of nuts, edible; cashew nuts, shelled, fresh or drieds dropped rapidly to $2.5B in 2022. In general, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 8.6% against the previous year. As a result, the exports attained the peak of $3.1B, and then dropped significantly in the following year.
| Export of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 972 | 934 | 953 | 682 | -11.1% |
| China | 475 | 361 | 414 | 303 | -13.9% |
| Netherlands | 347 | 389 | 374 | 295 | -5.3% |
| Germany | 131 | 127 | 132 | 101 | -8.3% |
| Australia | 106 | 104 | 97.8 | 86.6 | -6.5% |
| United Kingdom | 111 | 91.3 | 91.3 | 83.5 | -9.1% |
| Turkey | 50.2 | 67.8 | 64.5 | 62.8 | 7.8% |
| United Arab Emirates | 14.5 | 17.0 | 36.8 | 61.9 | 62.2% |
| Israel | 52.4 | 48.2 | 57.3 | 59.6 | 4.4% |
| Saudi Arabia | 20.8 | 24.7 | 38.1 | 51.1 | 34.9% |
| Thailand | 68.6 | 54.9 | 54.7 | 47.6 | -11.5% |
| Canada | 77.4 | 75.5 | 88.1 | 42.5 | -18.1% |
| Italy | 44.1 | 41.5 | 41.1 | 41.5 | -2.0% |
| Others | 472 | 507 | 646 | 594 | 8.0% |
| Total | 2,942 | 2,843 | 3,089 | 2,513 | -5.1% |
Top Export Markets for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried from Vietnam in 2022:
- United States (120.3K tons)
- Netherlands (53.2K tons)
- China (49.7K tons)
- Germany (16.6K tons)
- United Kingdom (15.0K tons)
- Australia (14.8K tons)
- United Arab Emirates (10.3K tons)
- Turkey (10.1K tons)
- Canada (8.7K tons)
- Israel (8.4K tons)
- Saudi Arabia (8.2K tons)
- Thailand (8.0K tons)
- Italy (7.9K tons)
Imports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Vietnam
In 2022, purchases abroad of nuts, edible; cashew nuts, shelled, fresh or drieds decreased by -42.9% to 14K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2020 when imports increased by 22%. As a result, imports reached the peak of 26K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of nuts, edible; cashew nuts, shelled, fresh or drieds shrank sharply to $63M in 2022. In general, imports saw a precipitous decline. The pace of growth was the most pronounced in 2020 with an increase of 15% against the previous year. As a result, imports reached the peak of $142M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cote d'Ivoire | 72.4 | 76.0 | 76.9 | 28.0 | -27.1% |
| Mozambique | 13.4 | 19.2 | 16.9 | 18.6 | 11.5% |
| Nigeria | 20.8 | 18.4 | 18.5 | 7.7 | -28.2% |
| Cambodia | 0.5 | 0.2 | 0.2 | 3.7 | 94.9% |
| Tanzania | 3.1 | 16.6 | 9.8 | 1.7 | -18.1% |
| India | 3.5 | 1.9 | 3.1 | 1.0 | -34.1% |
| Ghana | 7.7 | 7.9 | 4.6 | 0.8 | -53.0% |
| Others | 2.3 | 1.8 | 1.7 | 1.2 | -19.5% |
| Total | 124 | 142 | 132 | 62.7 | -20.3% |
Top Suppliers of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried to Vietnam in 2022:
- Cote d'Ivoire (6.1K tons)
- Mozambique (4.5K tons)
- Nigeria (1.6K tons)
- Cambodia (0.9K tons)
- Tanzania (0.3K tons)
- Ghana (0.1K tons)
- India (0.1K tons)
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