Vietnam Cashew Nuts 2023 Retail Prices

The retail price range for Vietnam cashew nuts in September is between US$ 4.5 and US$ 8 per kilogram or between US$ 2.04 and US$ 3.63 per pound(lb).

The retail price range in Dong for cashew nuts is between VND 112500 and VND 200000 per kilogram or between VND 51020.41 and VND 90702.95 per pound(lb) in Hanoi and Ho Chi Minh City.

Wholesale prices

In 2023, the approximate wholesale price range for Vietnam cashew nuts is between US$ 3.15 and US$ 5.6 per kilogram or between US$ 1.43 and US$ 2.54 per pound(lb).

Vietnam Cashew Nuts Export Prices – Historical, Trends and Prediction

The export price per kilogram of Cashew Nuts from Vietnam over the last five years has been quite volatile. In 2016, the price was 8.19 US$ per kg, which was the highest in the period. This was followed by a sharp decline in 2017 to 9.98 US$ per kg. In 2018, the price rose again to 12.27 US$ per kg, the highest in the period. However, in 2019, the price dropped to 7.15 US$ per kg and in 2020, it further declined to 6.12 US$ per kg. Based on the current trend, it is estimated that the export price per kilogram of Cashew Nuts from Vietnam in 2023 will be around 8.00 US$ per kg and in 2024 will be around 8.50 US$ per kg.

Vietnam Cashew Nuts Import Prices – Historical, Trends and Prediction

The import price per kilogram of Cashew Nuts into Vietnam has seen a steady increase over the past five years. In 2016, the price was 8.19 US$ per kg, and in 2020, it was 6.12 US$ per kg. This represents a decrease of 25.2% in the import price. However, the price in 2019 was 7.15 US$ per kg, which is higher than the 2020 price. This suggests that the import price of Cashew Nuts into Vietnam is volatile and can fluctuate significantly from year to year. Based on the current trend, it is likely that the import price of Cashew Nuts into Vietnam will continue to decrease in the next few years. We can predict that the import price of Cashew Nuts into Vietnam in 2023 will be around 5.50 US$ per kg and in 2024 will be around 4.90 US$ per kg.

Export values for Vietnam cashew nuts

The total values in export for cashew nuts in Vietnam were US$ 2,733,093, US$ 3,386,171, US$ 3,129,824 and US$ 2,945,376 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.

Vietnam cashew nuts – Production, Exports, Imports, Seasons and HS Codes

In 2019 Vietnam exported 411,802 tonnes of cashew nuts. Across 2019 alone, the interest in Vietnam cashew nuts (nuts category) has improved, changing by 61.392 % compared to the year 2018. Between 2017 and 2019, cashew nuts’ exports increased by 21.39 pc earning the nation US$2,945.38m for the year 2019. Vietnam’s cashew nuts exports are categorised as:

• Fresh or dried cashew nuts, shelled (HS code 080132)
• Fresh or dried cashew nuts, in shell (HS code 080131)

Import/Export Trends

Vietnam is a net exporter of cashew nuts. The annual growth of Vietnam cashew nuts in value between 2015 to 2019 was -6%, per year, while annual growth in quantity through the same period was -3%, per annum.

Vietnam brought in 1,326,044 tonnes of cashew nuts in 2019.

Production

The production of cashew nuts in Vietnam was 566,656 tonnes in 2019 and is forecast to change by an average of 6.36%. The country had approximately 552,730.00 hectares under cashew nuts cultivation.