Vietnam’s cashew nut sector continued its strong performance in 2024, generating $4.37 billion USD in export revenue. This report highlights key export figures from 2024, analyzes the factors contributing to Vietnam’s success, and identifies important trends in the global cashew market.
Key Export Data and Market (2024):
- In 2024, Vietnam’s cashew exports reached a record high of 730,000 tons, valued at $4.37 billion.
- This represents a 13.3% increase in volume and a 20.2% increase in value compared to 2023.
- The most significant increase was observed in the American market, with a 25.7% rise in volume and a 30.4% increase in value.
- Vietnam maintains its position as the world’s largest cashew exporter for the 18th consecutive year, accounting for over 80% of the global cashew kernel export volume.
- The global cashew market is projected to continue growing.
Factors Contributing to Success (2024):
- Processing Capabilities: Vietnam’s advanced processing technology and infrastructure played a crucial role
- Product Quality: Emphasis on high-quality cashew nuts and adherence to international standards
- Strong Supply Chain: Efficient supply chain management from raw material sourcing to export
- Market Diversification: Expanding into new markets and leveraging free trade agreements (FTAs) in 2024 and prior years.
Industry Outlook:
The Vietnamese cashew nut sector is expected to maintain its strong performance, driven by increasing global demand for healthy snacks and plant-based foods. Continued focus on quality, value-added products, and sustainable practices will be vital for future success.
Source: https://vtv.vn/kinh-te/viet-nam-thu-437-ty-usd-tu-xuat-khau-dieu-2025011015183228.htm
