🌱 General Overview
In April 2025, Vietnam’s cashew industry demonstrated signs of resilience despite global trade uncertainties. Entering the peak harvest season, the sector saw both opportunities and challenges: strong demand for high-quality kernels, but also cautious buying behaviors influenced by U.S. tariff risks and shifting global logistics costs.
📈 Export Performance in April 2025
- Export Volume: Estimated at 32,500 tons, slightly down 4.7% YoY.
- Export Value: Reached approximately $221.7 million, a 2.8% decrease compared to April 2024.
- Key Markets:
- U.S.: Maintained demand but showed cautious buying pending tariff clarifications.
- EU: Stable demand for certified organic and deep-processed cashew products.
- China: Purchasing activities remained moderate due to high inventory levels.
💰 Pricing Trends
- FOB Prices for W320 grade cashew kernels averaged between $6.85 – $7.35/kg.
- Price drivers included increased logistics costs, stable domestic raw material prices, and expectations of better-quality new-crop kernels.
- Compared to March 2025, FOB prices edged up 1.5% due to tightening new-crop supplies and buyers stocking up ahead of potential mid-year disruptions.
⚠️ Market Challenges
- U.S. 46% tariff announcement caused significant market anxiety, although cashew kernels have not been officially targeted yet. Buyers adopted a "wait-and-see" strategy, delaying large-volume contracts.
- Raw Material Pressure: Domestic raw cashew nut prices rose 3–4% in April due to limited availability and farmer stockpiling.
- Logistics Costs: Freight rates from Vietnam to the U.S. and Europe increased by 10–15%, squeezing exporters’ margins.
🚀 Growth Opportunities
- Deep Processing Expansion: More Vietnamese processors introduced value-added products (roasted, salted, honey-coated cashews), aiming for higher-margin markets.
- Market Diversification: Exporters increasingly sought to penetrate less tariff-sensitive markets such as Japan, the Middle East, and South Korea.
- Certifications Boost: Demand surged for cashews with BRC, Organic, Fair Trade certifications, opening doors to premium buyers.
💎 SVC’s Strategic Position
Throughout April, SVC maintained a strong market presence by:
- Offering a wide portfolio of new-crop premium cashew kernels.
- Adapting export strategies to navigate tariff risks and shifting buyer behaviors.
- Strengthening partnerships with global clients through flexible volume commitments and customized product solutions.
📚 Sources:
- VINACAS
- Vietnam Customs Department
- Vietnam Ministry of Industry and Trade
- Industry export reports April 2025
SVC INTERNATIONAL JSC
Email: thanh@svc.vn
Phone: 0909432477
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