Vietnam, we are still on a strong development momentum and are exporting more quality products to the world than before. In which, cashew nut is an indispensable item in the export village of Vietnam.
According to the Vietnam Cashew Association (Vinacas), 2022 is a difficult year for the cashew nut industry. As of December 15, 2022, the number of exported and imported raw cashew nuts both decreased significantly compared to the same period in 2021. Export prices of kernels and raw cashew imports also decreased.
According to the General Department of Vietnam Customs - Vietnam exported 122 thousand tons of cashews for 708 million USD in the first quarter of 2023, an increase of 16.6% in volume and 14.2% in value over the corresponding period in 2022. Since February 2023, cashew exports have expanded fast once more after a severe decrease in volume and value in January 2023.
By April 2023, the average export price of Vietnam's cashew nuts reached US$5,944/ton - the highest level since October 2022.
The EU is currently Vietnam's second largest cashew nut export market.
In today's fast-paced world, more people are recognizing the significance of adopting a clean and healthful approach to their diet.
The eat clean method is strongly "on the throne" these days, meals from nuts are appearing on the dining table of many families. For this reason, the trend of healthy food and attractive prices has driven the total consumption of cashew nuts.
Cashews are frequently added to food to improve flavor, texture, and nutritional value. They can be used in both savory and sweet recipes, such as stir-fries, curries, salads, desserts, and nut butters.
Cashews are a good source of nutrients such as protein, healthy fats, vitamins, and minerals. In the EU, they are used to improve the nutritional profiles of goods such as granola mixes, energy bars, and breakfast cereals.
Cashews are a well-liked snack food option in the EU. They can be consumed as a standalone snack or mixed with other nuts, dried fruits, or chocolates to create trail mixes or snack bars.
Long-term recommendations from experts for getting Vietnam's cashew nuts "firmly footed" in the EU market include: The rules governing the importation of commodities into the EU, including cashews, are quite complex and are often amended. Before putting items on the market, businesses need to invest a cost to find out this information through law offices. Also supported during the transaction to avoid risks.