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January 15, 2021

This cashew market report is based on the export figures for December from Vinacas. This is a quick recap of the figures compared to last year and overview of the current market situation.

Export
Vietnam exported 52,676 mt of cashew kernels in December 2020. It is 27.27% more in comparison to the same month in 2019. Despite the pandemic crisis, in 2020 total amount of 521,419 mt cashew kernels Vietnam were exported, 13.48% more than last year.

vinaproreportcashewexports122020

                                                                                           Nguồn: Vinacas
Just like in most of the past months, exports from Vietnam are higher than in 2019.  This extraordinary year, marked by the Covid-19 crisis, does not seem to have affected the processing, trade, nor consumption of cashews.

The main export markets of Vietnam Cashew nuts are USA, China, Netherlands, Singapore, Germany, Australia, Canada, France, UK.

vietnamcashewexportmarket122020

                                                                                             Source: Vinacas

USA is always our largest cashew export market, in December, it reached 12,532 mt, accounting for 23.79% of market share. Demand is particularly high in the EU (+18.63% since the beginning of the year) and the US (+9.72% compared to 2019). However, demand from China decreased this year by 7.28 % compared to last year. This is a consequence of the Covid-19 crisis. During several months, the exports to China were extremely low, and the high shipments from the past months did not allow to reach the volume exported to China in 2019.

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