Cashew nuts imported into China mainly come from Vietnam
Cashew nuts imported from Vietnam into China increased sharply in turnover, helping Vietnam take a sharp rise in market share in this billion-consumers market.
Vietnamese cashew nuts account for more than 88% of the market share in China. Photo: TL.
According to a recent report from the General Administration of Customs of China (GACC), the country's cashew nut import turnover in September 2021 reached USD 22.24 million, up 17.7% compared to the same period in 2020.
China's cashew nut import turnover in the first nine months of this year reached USD 125.84 million in general, up 23% over the same period last year.
China imported cashew nuts from Vietnam with a turnover of USD 110.88 million, an increase of 28.7% in comparison to the previous year. Vietnam's cashew nut market share in China's total imports increased from 84.17% in the first nine months of 2020 to 88.12% in the first nine months of 2021.
The turnover and market share of Vietnamese cashew nuts in the Chinese market are far ahead of the following suppliers: Togo USD 4.6 million, accounting for 3.63%; Benin USD 3.3 million, accounting for 2.61%; Ivory Coast USD 2.8 million, accounting for 2.23%; Cambodia USD 1.6 million, accounting for 1.23%.
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