Vietnam now accounts for 50% of
world market conditions, but it is dependent on huge imports of raw cashew nuts
from Africa, because this area is not actively processed cashews. However, once
these countries to master the technology in the future, the market share of
Vietnam's cashew-risk threat.
The shine of the industry
According to data from the
General Administration of Customs, May 10, 2016, Vietnam exported cashew nuts
reached 2.337 billion US dollars, up 16.9% continued over the same period last
year. In particular, the US is the largest market accounting for one third,
reaching 795 million. Nut commodities are agricultural commodities are rising
strongly in recent years, and the exports sector has the 2nd largest after just
coffee.
Exports increased, imports also
increased more cashews. General Administration of Customs said that after 10
months, Vietnam cashew import 1,378 billion, up 36.8% over the same period last
year.
In particular, the value of
imports from African countries are continuously increasing, up 54% Ivory Coast,
Nigeria increased by 69%, Ghana 26% and increased to 124% Guinea. The total
value of imports four countries accounted for 71% of imports last 10 months.
For years, African cashews are
playing an increasingly important role for the branch of Vietnam. Since 1996,
together with the restrictions on exports of raw cashew nuts to foreign
countries, Vietnam has begun to import of raw materials from the market to
offset the shortage of domestic raw cashew nuts in service sector growth cashew
processing industry in Vietnam.
The African countries export
large quantities of raw cashew nuts is limited by the processing capacity of
cashew nuts. However, in the future, if these countries are homemade cashew nut
supply to Vietnam could be affected.
Technology was the African
country "snooping"
A few decades ago, only Ivorian
cashew to combat erosion and desertification, but now the economic efficiency
from cashew clearly shows. African countries in general and in particular the
Ivory Coast have big ambitions homemade cashew nuts to be carried away for
export, not just exporting raw cashew nuts.
The location is the main raw
material of the world, as can a cashew processing, regional countries will
produce, homemade, self-export, economic efficiency certainly is improve.
However, the difficulty of the
African cashew processing technology in the world is very expensive, while the
efficiency is not high, a large proportion of broken grains. The African
countries have come to Vietnam, the country's largest exporter thing in the
world, and found that cashew processing technology of Vietnam is perfect. Low
grain breakage ratio, the proportion of low oil-contaminated grain, and most
importantly cost only 1/20 as compared with the water lines in the world.
To own cashew processing
technology, Ivory Coast has set up offices in the City with the task of
searching for and buying technology partners. But the ambitions of the Ivory
Coast faced opposition decided whether Vietnam Cashew Association (Vinacas).
Cashew Association has repeatedly spoken out against the sale of technology and
want government protection move by not processing technology exports to African
countries.
From your position row, the
African countries are emerging as formidable opponents of branch of Vietnam and
these countries certainly will not stop until the technology ownership they
desire. At the International Conference of things by Vinacas held in Da Nang
past, representatives of the country once again reaffirmed the desire to
develop learning experiences of Vietnam's cashew sector to take apply to
Africa.
Location "bosses" of
the world's cashews Vietnam in the future might be threatened. Vietnam
currently account for 50% of global market conditions. The risk of competition
from countries in Africa, a leader Vinacas said that Vietnam needs to quickly
change business strategies to fit with the new trend, to Africa remains the
partner rather than a rival .
minh Quan
Source: Knowledge Young
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