VINAGRI News - Vietnam’s cashew sector is on track to achieve its ambitious export target of USD 4.5 billion in 2025, supported by robust global demand and favorable export prices, according to the Ministry of Agriculture and Environment.
Cashew Processing. (Source: VNA)
In August 2025, Vietnam exported an estimated 70,000 tonnes of cashews worth USD 431 million. Cumulatively, exports in the first eight months reached 482,700 tonnes, generating USD 3.24 billion. Although export volume slipped 1.2% year-on-year, export value surged 16.4%, driven by a 17.8% increase in average export prices to USD 6,711 per tonne - the highest in recent years.
To meet the full-year target, the industry needs to earn an additional USD 1.26 billion in the final four months, traditionally the peak season for nut consumption during global year-end holidays.
China, the U.S., and the Netherlands remained the top three buyers, accounting for 21.7%, 20%, and 9.4% of total export value, respectively. Notably, exports to China soared 47%, while shipments to the Netherlands grew 20.1%; the U.S. declined 11.7%.
According to VINACAS Vice Chairman Bach Khanh Nhut, demand from China surged as importers stockpiled for the Mid-Autumn Festival and responded to growing consumer preferences for healthy snacks.
To sustain production, Vietnam imported over USD 3.3 billion worth of raw cashews in the first eight months, primarily from Cambodia (USD 1.5 billion), Côte d’Ivoire, Tanzania, and Ghana.
Despite promising growth, the sector faces challenges, including stricter requirements from U.S. and EU markets on traceability, residue control, and deforestation-free production, as well as increasing competition from African suppliers.
Vietnam retains key advantages in deep processing, stable supply, and a well-established global brand. The global cashew market is forecast to grow 4.6% annually from 2022 to 2027, offering long-term potential.
The Ministry plans to strengthen the sector through digital traceability, clean raw material zones, brand development, and market diversification toward the Middle East and high-value EU markets.
With strong price momentum, rising demand for value-added products, and expanded market access, the USD 4.5 billion export target is seen as well within reach for 2025.
NPK/ Vinagri News
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