Vietnamese cashew nuts make up majority of market share in France
Vietnam's cashew nut exports to France skyrocketed in the first months of this year, thereby strongly increasing its market share in the potential market.
Vietnamese cashew nuts account for the majority of the market share in France. Photo: TL.
According the International Trade Center, in the first quarter of 2021 cashew nuts import into France reached 4,200 tonnes, worth US$ 32.97 million, soaring by 20.5% in volume and 12% in value compared to the same period in 2020.
During the same period, France reduced cashew nut imports from many suppliers but increased dramatically the imports from Vietnam, Netherland. Particularly, France imported 2,930 tonnes of cashew nuts from Vietnam, valued at nearly US$ 22 million, rising by 42.4% in volume and 28% in value over the same period last year.
Vietnam's cashew nuts made up 63.35% market share in France in the first quarter of 2021 compared to 58.70% in the same period last year.
France is considered as a potential market for Vietnam's cashew nuts. Demand for cashew nuts in this market is projected to grow in the coming time. Cashew nuts are a popular snack in France and more and more used as an ingredient in nut-based beverages such as no added sugar cashew milk or snack.
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