Cashew nuts from Vietnam account for 90% of the market in the UK

(VAN) Imports of Vietnamese cashew nuts to the UK market increased dramatically in the early months of this year, capturing the lion's share of the market.

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Vietnamese cashews accounted for 90% of the market share in the UK in the first months of this year. Photo: TL. — Vietnamese cashews accounted for 90% of the market share in the UK in the first months of this year. Photo: *TL.*

The UK imported 3.4 thousand tons of Vietnamese cashew nuts worth USD 22.53 million in January-February, up 14.3% in volume and 38% in value year on year, according to the Agency for Foreign Trade (Ministry of Industry and Trade).

The market share of Vietnamese cashews in total UK imports climbed from 78.72 percent in 2021 to 90.95 percent in the first two months of 2022.

The market share of Vietnamese cashews left a huge gap between them and other suppliers such as India (2.83 percent), the Netherlands (2.12 percent), and Côte d'Ivoire (156 percent)...

According to the International Trade Agency, the United Kingdom imported 2 thousand tons of cashew nuts for USD 13.17 million in February 2022, up 12% in volume and 9.1% in value from January 2022, but down 14.7 percent in volume and 10.2% in value year on year.

Cashew nut exports from the United Kingdom were 3.7 thousand tons in the first two months of 2022, worth USD 25.24 million, down 1.1 percent in volume but up 6.7 percent in value over the same time the previous year.

Author: Son Trang

Translated by Linh Linh

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