Vietnam Cashew Market – September 2025 Review & October 2025 Outlook

🌍 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

  1. China remains the growth driver thanks to seasonal consumption and retail demand.
  2. EU favors cashews with sustainability certifications and eco-friendly packaging.
  3. 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