In 2013, cashew exports brought in a fortune, earning 1.7 billionUSD. In the context of economic turmoil, global import demand andconsumption of agricultural products generally declined, but export ofVietnamese cashew nuts still achieved steady growth.
Furthermore,cashew industry is accelerating its restructuring, transforming fromplanting into processing, said the Vietnam Business Forum – a weeklymagazine of the Vietnam Chamber of Commerce and Industry.
Accordingto the Ministry of Industry and Trade, cashew export in 2013 reached261,000 tonnes, increased 17.9 percent in quantity and 12.0 percent inturnover. Average export price of cashew in 2013 was 6,305 USD pertonne, increased 31.9 percent compared to that in 2012.
In 2013,cashew export turnover was about 1.8 to 1.9 billion USD. Statisticsfrom 2009 to 2013 revealed that, excluding decreasing export in 2012,cashew export as well as cashew price generally reached gradually higherthan previous years.
According to statistics, cashew exportmostly focuses on American and Canadian markets with total export valueof 600 million USD. In Asian markets, Vietnam exports to China about52,200 tonnes with turnover of 300 million USD.
For Europe,cashew export possesses huge potential. Up to now, Vietnam exportscashew products to 11 markets in this region, in which the amount to theNetherlands reached the peak with 23,400 tonnes and turnover of 160.3million USD, the UK and Russia maintained following positions withgrowth in volume of 14.2 percent and 10.0 percent, respectively,compared to that in 2012.
This year, cashew export targets about 2billion USD. Enterprises in this sector have carefully consideredimporting African raw materials and processing them to export to allover the world.
Previously, farmers replaced cashew trees withother industrial crops, long-term fruit plants with higher value. Thishas led to a decrease in cashew areas.
Moreover, cashew growingareas are overstretching,causing difficulties for enterprises topurchase. Under this circumstance, cashew industry takes the lead inrestructuring, particularly changing from planting to processing,bringing higher value for cashew products.
According to thecalculation of the Ministry of Industry and Trade, ten years ago,enterprises only imported about 20 - 30 percent from abroad, andremaining 70 - 80 percent of that came from domestic raw material, butnow they have to import nearly 50 percent of total cashew volume forprocessing to export.
In the coming time, enterprises will haveto collaborate in purchasing raw materials and marketing their products.Furthermore, they need to have a whole picture of processing factoriesto avoid building up too many factories, resulting in oversupply andcreating unhealthy competition in the industry.-VNA
Furthermore,cashew industry is accelerating its restructuring, transforming fromplanting into processing, said the Vietnam Business Forum – a weeklymagazine of the Vietnam Chamber of Commerce and Industry.
Accordingto the Ministry of Industry and Trade, cashew export in 2013 reached261,000 tonnes, increased 17.9 percent in quantity and 12.0 percent inturnover. Average export price of cashew in 2013 was 6,305 USD pertonne, increased 31.9 percent compared to that in 2012.
In 2013,cashew export turnover was about 1.8 to 1.9 billion USD. Statisticsfrom 2009 to 2013 revealed that, excluding decreasing export in 2012,cashew export as well as cashew price generally reached gradually higherthan previous years.
According to statistics, cashew exportmostly focuses on American and Canadian markets with total export valueof 600 million USD. In Asian markets, Vietnam exports to China about52,200 tonnes with turnover of 300 million USD.
For Europe,cashew export possesses huge potential. Up to now, Vietnam exportscashew products to 11 markets in this region, in which the amount to theNetherlands reached the peak with 23,400 tonnes and turnover of 160.3million USD, the UK and Russia maintained following positions withgrowth in volume of 14.2 percent and 10.0 percent, respectively,compared to that in 2012.
This year, cashew export targets about 2billion USD. Enterprises in this sector have carefully consideredimporting African raw materials and processing them to export to allover the world.
Previously, farmers replaced cashew trees withother industrial crops, long-term fruit plants with higher value. Thishas led to a decrease in cashew areas.
Moreover, cashew growingareas are overstretching,causing difficulties for enterprises topurchase. Under this circumstance, cashew industry takes the lead inrestructuring, particularly changing from planting to processing,bringing higher value for cashew products.
According to thecalculation of the Ministry of Industry and Trade, ten years ago,enterprises only imported about 20 - 30 percent from abroad, andremaining 70 - 80 percent of that came from domestic raw material, butnow they have to import nearly 50 percent of total cashew volume forprocessing to export.
In the coming time, enterprises will haveto collaborate in purchasing raw materials and marketing their products.Furthermore, they need to have a whole picture of processing factoriesto avoid building up too many factories, resulting in oversupply andcreating unhealthy competition in the industry.-VNA
