Surge in Export Value Despite Volume Drop

In the first six months of 2025, Vietnam shipped 346,800 tonnes of cashews, generating $2.36 billion. This marks a 2.7% decrease in volume but a significant 20.4% increase in value compared to the previous year, thanks to higher export prices.

Top Markets and Emerging Opportunities

China, the U.S., and the Netherlands continue to dominate as Vietnam's primary cashew buyers, making up 22%, 21.6%, and 8.4% of total exports, respectively. The Vietnamese Ministry is now focusing on expanding into emerging markets like the UAE and Saudi Arabia, where demand is high but Vietnamese presence is minimal.

Price Trends and Industry Outlook

The recent drop in raw cashew prices, from $1,450 to $1,350 per tonne, is expected to benefit manufacturers, especially with the upcoming peak export season. The Vietnam Cashew Association predicts a 4.6% annual growth rate in the global cashew market from 2022 to 2027.

Last year, Vietnam set a record by exporting 730,000 tonnes of cashews, earning $4.37 billion, a 20.2% increase from the year before.