Vietnam's Cashew Export Market: 2024 Trends and 2025 Outlook
tuanminhexport123
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tuanminhexport123
Ongoing, First published Oct 17
americancashewfoodindia
Analysis of Vietnam's Cashew Export Price and Volume (January - August 2024) and Forecast for 2025
From January to August 2024, Vietnam's cashew export price steadily increased from 5,496 USD/ton to a peak of 6,326 USD/ton in August. This rise is mainly due to limited raw material supply and high import costs. Export volumes ranged from 58,000 to 66,500 tons, indicating the industry's ability to meet international demand consistently.
 Forecast for 2025
- 📈Price: Expected to continue rising, potentially reaching 6,500 - 6,800 USD/ton due to ongoing import cost pressures.
- Volume: May increase if Vietnam boosts imports and improves processing, targeting 700,000 - 750,000 tons.
- Market: Diversifying products and expanding into new markets will be essential strategies for sustaining growth and maintaining Vietnam's global leadership.
Vietnam's cashew industry must focus on quality enhancement, production optimization, and market expansion to achieve sustainable development.
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americancashewfoodindia
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