CASHEW EXPORT-IMPORT MARKET REPORT – JANUARY & FEBRUARY 2025

1. MARKET OVERVIEW

In the first two months of 2025, Vietnam’s cashew industry continued to show positive signs with stable growth. Cashew exports remain one of the key sectors, contributing significantly to the country’s total trade revenue. The increasing demand from major markets such as the US, EU, and China has helped maintain a high export turnover at the beginning of the year.

2. CASHEW EXPORT PERFORMANCE

• Export volume: Estimated at 120,000 tons, up 10% compared to the same period in 2024.
• Export value: Approximately USD 720 million, increasing 12% year-on-year.
• Average export price: USD 6,000/ton, up 2% compared to early 2024.

3. KEY EXPORT MARKETS

United States – The Largest Market

• Imported 31,200 tons, valued at USD 187.2 million.
• Accounts for 26% of Vietnam’s total cashew export turnover.
• Demand continues to rise due to the growing trend of consuming nutritious nuts.

China – A New Growth Driver

• Imported 23,000 tons, valued at USD 138 million.
• Accounts for 19% of total export revenue.
• Eased import policies help boost the consumption of Vietnamese cashews.

EU – A Crucial Export Market

• The Netherlands, Germany, and France imported 24,000 tons, valued at USD 144 million.
• Represents 20% of total export turnover.
• Steady growth is recorded due to high demand from the food processing industry.

4. CASHEW IMPORT PERFORMANCE

• Import volume: Vietnam imported 150,000 tons of raw cashew nuts from key sources such as Cambodia, Ivory Coast, and Nigeria.
• Stable supply ensures processing needs for exports.
• Raw cashew prices remain reasonable, supporting manufacturers and exporters.

5. MARKET TRENDS & FORECASTS

• Cashew consumption demand will continue to rise, particularly in the US and Europe.
• Export prices are expected to stay between USD 6,000 – 6,200/ton due to high demand.
• Vietnamese enterprises continue expanding their markets, especially in Japan, South Korea, and the Middle East.
• FDI in the cashew industry is expected to increase, with interest from corporations like Olam and Intersnack.

6. CONCLUSION

The first two months of 2025 marked a promising start for Vietnam’s cashew industry. The stable growth in export volume and value indicates strong potential for the rest of the year. Maintaining product quality, expanding markets, and securing a stable raw material supply will be key factors in ensuring Vietnam’s cashew industry retains its leading position in the global market.

📩 Contact us now for detailed market updates and cashew export collaboration opportunities!

Sources:

• Báo Chính Phủ
• Sở Công Thương Tây Ninh
• Báo Hải Quan
• Báo Công Thương

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