🌍 September 2025 Market Summary
Vietnam’s cashew industry closed September 2025 with strong export momentum, while still facing challenges in raw material costs, logistics, and stricter import standards.
📊 Export Performance
According to Vietnam Customs, in the first 9 months of 2025:
- Export volume: nearly 550,000 MT, up 15–18% YoY.
- Export value: around USD 3.65 billion, moving closer to the full-year target of USD 4.5 billion.
- Average export price: ~ USD 6,700/MT, 17–18% higher than 2024.
Cashew remains one of Vietnam’s leading agricultural exports in 2025, supported by resilient global demand.
🌍 Market Shifts
- China surpassed the US as Vietnam’s largest cashew importer, accounting for nearly 20% of total export turnover (~110,000 MT worth USD 720 million, +50% YoY).
- EU & Middle East maintained stable demand, especially for OEM and private label orders.
- US remained important but with increasing requirements on food safety, sustainability, and ESG compliance.
📦 Raw Material & Processing
- RCN (Raw Cashew Nut): Supplies from West and East Africa remained stable, helping processors manage costs.
- Logistics costs: Though lower than the 2022–2023 peak, freight rates remain 2x higher than pre-COVID, impacting FOB prices.
- Value-added products: Salted roasted cashews, flavored kernels, and broken kernels gained stronger traction in EU, Korea, and Japan, proving diversification is a key growth driver.
🔮 October 2025 Outlook
📈 Rising Seasonal Demand
- Q4 is always peak season for cashew consumption in the US, EU, and China.
- Import demand in October is forecast to rise 5–7% vs. September, with FOB prices for WW320, WW240, WW210 expected to increase by 1–2%.
🌱 Raw Material Supply
- African RCN supply is expected to remain stable.
- Vietnamese processors may import ahead of time to secure inventory before year-end demand peaks.
🚢 Logistics Pressure
- October marks the shipping high season, with freight rates potentially rising for EU and US lanes.
- Short-haul shipments to China and Northeast Asia remain cost-effective and favorable.
📊 Market Trends
- China remains the growth driver thanks to seasonal consumption and retail demand.
- EU favors cashews with sustainability certifications and eco-friendly packaging.
- US continues stable demand but stricter inspection requirements.
✅ Conclusion
September 2025 showed stable growth for Vietnam’s cashew sector, with strong exports, favorable RCN supply, and rising demand for value-added products.
October 2025 is forecast to be more dynamic, with stronger demand from major import markets. However, logistics costs and raw material risks remain challenges to profitability.
With a processing capacity of 700 MT/month, full international certifications (BRC, HACCP, FSPCA, Halal, Kosher) and strong OEM/private label capability, SVC is well-positioned to capture growth opportunities and reinforce Vietnam’s leading role in the global cashew market.
📧 Contact for OEM & Export (Cashew): thanh@svc.vn | thanh@svcfoods.vn
📱 WhatsApp: (+84) 909 432 477
📚 Sources
- Vietnam Customs – Export data Q3/2025
- VINACAS – Q3/2025 Market Outlook
- VietnamPlus, VnEconomy – Agricultural export news
- AfriCashewSplits – RCN Market Report 2025