Xuất Khẩu Hạt Điều Của Việt Nam Sang EU Tăng Cả Lượng Và Kim Ngạch

News & Events

Vietnam's Cashew Exports To EU Increase

In 2021, Vietnam's cashew industry will be negatively affected by a shortage of workers, which has affected production workers in the whole industry, combined with high sea freight costs and congestion at seaports. . However, Vietnam's cashew industry still recorded positive growth in 2021.

The EU is currently Vietnam's second largest cashew nut export market, accounting for 23% of the total volume and 22% of the total value of the industry. Therefore, the growth of cashew nut exports to the EU contributed significantly to the overall growth of the industry. The tax rate for cashew nut processing products imported into the EU from Vietnam will be reduced to 0% immediately after the EVFTA takes effect from August 1, 2020. This reduction is very important because before the EVFTA took effect, the tariff on cashew nuts imported into the EU from Vietnam ranged from 7 to 12%. The implementation of the EVFTA in the context of the Covid-19 epidemic and complicated market fluctuations is expected to bring many great opportunities. Facing the current trend of diversifying supply sources and shifting investment capital flows, along with advantages from FTAs, Vietnam has many favorable conditions to increase its attractiveness and competitiveness, paving the way for the development of new industries. establish a new supply chain with the EU, attract a wave of high-quality investment, deeply participate in the global value chain. According to estimates, Vietnam's cashew exports in 2021 to the EU market will reach 135 thousand tons, worth 816 million USD, up 16.5% in volume and 7.9% in value compared to 2020 This positive growth is due to the high demand for cashew nuts in the EU in the last month of the year according to the cyclical factor, to serve the Christmas holiday and welcome the new year.

According to statistics from the General Department of Customs, Vietnam's cashew exports to the EU in the first 11 months of 2021 will reach approximately 122.5 thousand tons, worth 734.38 million USD, up 15.2% in volume and up 6.2% in value over the same period in 2020. Regarding market structure: In the first 11 months of 2021, Vietnam's cashew industry exports to 23 EU member markets. In particular, the cashew industry has well exploited the Dutch and German markets. Cashew nut export turnover of Vietnam to the Netherlands market reached 63.42 thousand tons, worth 345.71 million USD, up 12.3% in volume, but down 4.1% in value. Similarly, Vietnam's cashew nut exports to Germany reached 19.4 thousand tons, worth 122.64 million USD, up 9.5% in volume and 6.2% in value. Germany and the Netherlands are now important trading hubs for imported cashews for re-export. Besides, Vietnam's cashew industry has also well exploited other EU member markets such as France, Spain and Poland. These are all good cashew nut consumption markets. Notably, cashew nut exports to the Finnish market increased by 625.7% in volume and 629.6% in value. Thus, the Vietnamese cashew industry has been quite successful when exploiting gateway markets such as the Netherlands and Germany, and at the same time, Vietnamese enterprises have well exploited other markets in the EU such as Finland, Poland, and Belgium. , Spain, Romania, Portugal.

Type structure: The structure of Vietnam's cashew exports to the European Union, in general, has fluctuated, in addition to focusing on exporting the main types of cashew nuts W320 and W240, Vietnam's cashew industry has promoted the export of cashew nuts. high-value cashews like W180 cashews. In the past 11 months, the W320 cashew nut is the most exported product to the EU market, accounting for 60.6% of the total volume and 67.8% of the total turnover, reaching 74.23 thousand tons, worth 497.71 billion USD, up 9.9% in volume, but down 1.7% in value over the same period in 2020. W320 cashew nuts are exported to most EU member markets. The average export price of W320 cashews to the EU in the first 11 months of 2021 reached 6,705 USD/ton, down 10.6% compared to the same period in 2020 (in the period from January to October 2021, the average export price of nuts) W320 to the EU decreased by 11.2%). Thus, it can be seen that the export price of W320 cashew nuts to the EU tends to increase again. In the first 11 months of 2021, the export of many types of cashew nuts to the EU increased sharply, including: Cashew nuts W240, W180, DW, W210. In contrast, exports of some types of cashew nuts WS/WB, W450, LP and SP decreased. As can be seen, the Vietnamese cashew industry is making efforts to promote high-value-added cashew nuts into the EU. However, the export of cashew nuts W240, W180 is low, new in potential form.

With the results achieved in 2021, Vietnam's cashew exports to the EU had a quite successful year in the context of the complicated developments of the Covid-19 epidemic, difficulties in production, customs clearance and freight rates. get a raise. Export prospects in 2022 are expected to increase by about 15% in volume and 10% in value compared to 2021, reaching over 155,000 tons, worth $900 million. Based on supply and demand factors, export prices tend to recover from the end of 2021. According to Eurostat data, the EU's cashew imports in the third quarter of 2021 reached 57.8 thousand tons, worth 57.8 thousand tons. EUR 346.96 million, up 2.7% in volume, but down 1.5% in value. In the first nine months of 2021, the EU's cashew imports reached 161.17 thousand tons, worth EUR 955.79 million, up 3.9% in volume, but down 6.6% in value over the same period last year. 2020.

In which, Vietnam is the largest source of cashew nuts for the EU. In the third quarter of 2021, the EU imported over 36 thousand tons of cashews from Vietnam, worth 211.4 million euros, up 7.1% in volume and 5.0% in value compared to the third quarter of 2020. . In the first nine months of 2021, the EU imported 94.4 thousand tons of cashews from Vietnam, worth EUR 520 million, up 6.6% in volume, but down 3.0% in value over the same period last year. 2020. Vietnam's cashew nut market share in total EU imports from the external market increased from 73.4% in 9 months of 2020 to 77.3% in 9 months of 2021. In contrast, the EU reduced imports. cashew nuts from India, a decrease of 34.7% in volume and a decrease of 40.2% in value, reaching 8.65 thousand tons, worth EUR 58.93 million. India's cashew nut market share in the EU's total imports from the external market decreased from 11.5% in the first 9 months of 2020 to 7.4% in the first 9 months of 2021. EVFTA comes into effect, the EU's import tax rate on cashew nuts from Vietnam to 0%. This is an advantage that helps Vietnam's cashew industry to increase exports to the EU and expand its market share not only in the main market but even in niche markets.

Chia sẻ Share on Facebook Share on Twitter Share on email Copy link

Other articles

Facebook Youtube Instagram

CP CORPORATION

108 Nguyen Van Kinh, Thach My Loi Ward, Thu Duc City, Ho Chi Minh,  Viet Nam

Copyright by CP CORPORATION Designed by Viet Wave