Cashew nuts belong to the group of nuts that are seeds of woody plants with hard shells. These nuts include walnuts, chestnuts, almond kernels, and pistachios. Other than walnuts, most consumed nuts in China are imported including cashew nuts.
4 out of 10 Chinese consumers, according to Mintel’s research are interested in buying imported products they have never tried before including imported snacks.
The growth in China’s population has contributed largely to China’s increased appetite and demand for nuts which has led to increased volumes in cashew nut imports.
Cashew imports in China have not only improved the country’s economy but have also improved the livelihoods of many Chinese who invested in the cashew business. With a reliable market and stable prices, the Chinese market offered new business ventures and employment opportunities, reducing the over-reliance on particular industries for revenue in the long run.
Cashew Price in China
In 2022, cashew imports into China were worth approximately 263 million US Dollars. This was an impressive increase from the previous year, making another high-value record.
The sharpest climb was from 2016 to 2017 when the import value rose from about 20 million US Dollars to around 58 million US Dollars.
Here are the total values in import of cashews in China between 2013 and 2022.
Cashew Nut Price per kg in China
The cost of whole cashew nuts in China is between ¥100 to ¥200 per kilogram (This equates to US$14 to US$28) in the retail market. Cashew Kernels cost between $21 to $42 per kilogram and tend to be a bit pricey because they have gone through processing and the shells have been removed.
When cashew-producing countries are low on supply, the consumer demand in China goes up which leads to a rise in prices by retailers. High volume supply by exporting countries means that there are plenty of nuts in the market and retailers lower prices to compete and make profitable sales.
When buying cashew nuts, you need to consider the quality you want, how you intend to use it, and your budget. This will help you decide whether you’re getting bulk cashews wholesale or if you’ll go for smaller, ready-to-use packages on retail.
Cashews China
China imports different forms of cashew nuts to meet the different needs, preferences, and consumer tastes but cashew kernels record the highest volume of imports. Kernels are ready to use and can be easily incorporated with other foods hence more preferred.
China like any other country has criteria and regulations that must be followed during importation to ensure that all cashews imported meet the food safety standards and customs regulations. Here are some of the things you need to do to successfully import cashew nuts.
- Obtaining health certificates certifying that the cashews are free of diseases and harmful contaminants
- Registering with the General Administration of Customs to get a cashew import license
- Labeling all shipments including name, weight, ingredient lists, origin, production date, shelf life, and storage instructions
- Inspecting shipments by the Customs Inspection and Quarantine Bureau when the shipment arrived
- Completing custom clearance procedures, providing all the necessary documents, and paying applicable fees and taxes
Cashew Nuts China
The Chinese people, especially the young generations spend most of their days out on the move or at work and hence snack a lot. Although there are still many other snacks in the market, this has jolted the demand for cashew snacks and other cashew-related products that are associated with healthy snacking.
Now more people are turning to nuts and dried fruits, buying small packets of nuts perfect for little meals during work or daily activities. This is changing their eating preferences to work in their favor for a more healthy life and well-being.