Overview of Vietnam’s Cashew Industry Q1/2025
In the first two months of 2025, Vietnam’s cashew industry faced notable fluctuations. Although export volumes decreased, the average selling price rose sharply, reflecting shifts in global supply-demand dynamics.
Export Performance & Key Factors
Reduced Export Volume, Higher Prices
• Export volume reached 62,400 tons, valued at $424.8 million, down 31.8% in volume and 13.7% in value year-on-year.
• The average export price increased significantly to $6,811.5 per ton (+26.7%).
Reasons for Decline
• Buyers delayed orders awaiting the new harvest season, coupled with high inventory levels abroad.
• High logistics costs led importers to adjust purchasing strategies.
Strategies & Market Forecast
Expected Export Recovery in Q2/2025
• Increased demand from the U.S., EU, and China starting in April and May will stimulate exports.
• Vietnamese businesses should leverage favorable pricing to regain market momentum.
Vietnam Maintains Leading Global Position
• In 2024, Vietnam exported nearly 724,000 tons of cashew kernels, worth $4.34 billion, accounting for over 80% of global exports.
• Continued investment in technology ensures Vietnam’s competitiveness and high-quality standards.
SVC is committed to supplying premium-quality cashew nuts, meeting international export standards and global market demands. With modern production systems and rigorous quality control, SVC continues leading Vietnam’s cashew industry.
Sources:
• Báo Đấu Thầu
• Vinacas
• Tạp Chí Tài Chính
• VTV
SVC INTERNATIONAL JSC
Email: thanh@svc.vn
Phone: 090 943 24 77
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