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Vietnamese cashews account for the largest market share in Germany

09/12/2021

According to the International Trade Center (ITC), in the first nine months of 2021, Germany imported cashew nuts from markets […]

According to the International Trade Center (ITC), in the first nine months of 2021, Germany imported cashew nuts from markets around the world reaching 45.2 thousand tons, worth 324.43 million. USD, down 9.5% in volume and 14.1% in value compared to the same period in 2020.

The complicated development of the Covid-19 epidemic in Vietnam and the difficulty in clearing goods are the reasons for the decrease in German cashew nut imports in vietnam. The first nine months of 2021.

In the first 9 months of 2021, due to the impact of the Covid-19 pandemic, Germany reduced cashew nut imports from Vietnam, but the rate of reduction in imports from Vietnam is still low. This is more than the reduction in imports from the Indian and Dutch markets.

Germany imported cashew nuts from Vietnam in the first 9 months of 2021 reached 28.23 thousand tons, worth 201.21 million USD, down 1.7% in volume and 7.0% in value price compared to the same period in 2020.

However, Vietnam’s share of Germany’s total imports increased from 57.51% in the first nine months of 2020 to 62.46% in the nine months. Early 2021. Vietnam remains the No. 1 cashew nut supplier in the German market thanks to its stable supply and quality assurance.

The Department of Import and Export, said that the prospect of exporting cashew nuts of Vietnam to the German market will be positive in 2022 thanks to the advantages. About EVFTA. In addition, the increased demand for Cashew nuts imports will have a positive impact on Vietnam’s cashew industry.

German cashew nut demand is forecast to grow by an average of 4.1% between 2020 and 2025. Germany’s cashew nut market is heavily focused on the snack segment, while demand for cashews and broken nuts comes from the food industry. growing. Cashews are mainly used in the German market as a salt roasted snack.

Recently, cashew kernels have also been used heavily for the food industry. German consumers are increasingly fond of cashews, in addition to their health effects, cashews have a more competitive price than other types. Other seeds such as almonds.

Germany is currently the largest cashew nut import market in the European Union (EU). According to the European Bureau of Statistics, German cashew nut imports account for about 29% of the total volume and turnover of the whole bloc.

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