Introduction – Vietnam’s Cashew Nut Market: A Quantitative Overview
If you’re in the snack food or plant-based product business, cashew nuts are likely a staple on your procurement list. And when it comes to sourcing high-quality cashew nuts, Vietnam remains the undisputed king of the global market.
In 2024, Vietnam exported around 730,000 tons of cashew nuts, raking in a record-breaking $4.37 billion. That’s a 13.3% jump in volume and a 20.2% surge in export value compared to the previous year. These numbers are not just impressive—they’re a clear signal of Vietnam’s dominance in the cashew space.
With over 80% of the world’s processed cashew nuts coming from Vietnam, the country has held the title of the world’s largest cashew processor for 18 straight years. In 2023 alone, their output exceeded 1 million tons.
The U.S. remains Vietnam’s top buyer, importing over 179,000 tons valued at $1.07 billion. China follows closely, with 117,420 tons worth $687.84 million. The average export price? A solid $6,003 per ton, up 6.1% from 2023.
But it’s not all smooth sailing. Vietnam imports about 90% of its raw cashew nuts, primarily from Africa, posing a dependency risk. Still, with global demand for healthy and plant-based snacks on the rise, especially in the U.S. and Europe, Vietnam is well-positioned to keep leading the charge.
So, what does this mean for buyers? It means making supplier choices based on solid, data-backed performance has never been more critical. And platforms like Freshdi offer real-time insights, verified supplier data, and RFQ trends to help you pick winners.
Deep Dive – Key Production, Export Statistics & Current Demand Data
Let’s zoom in on the numbers and trends shaping Vietnam’s cashew nut export scene in 2025.
Vietnam’s Cashew Nut Production
Vietnam produces around 350,000 to 400,000 metric tons of cashew nuts annually, accounting for roughly 8.87% of the world’s raw cashew output. But here’s the twist—Vietnam imports between 1.5 to 2 million tons of raw cashew nuts to meet its massive processing capacity.
Why does this matter? Because Vietnam isn’t just a producer—it’s a global processing hub, transforming raw nuts into high-value exports.
Export Value & Volume
In 2025, Vietnam’s cashew market is projected to hit $5.08 billion, growing at a CAGR of 5.8%. By 2030, we’re talking $6.73 billion.
Export volumes are expected to continue above 500,000 metric tons annually. Thanks to their advanced processing, Vietnam adds serious value before shipping them out to more than 90 countries.
Top Markets
- USA: 22.7% of Vietnam’s exports.
- EU: Especially Germany and the Netherlands.
- India: Both raw and processed imports.
- Emerging Markets: Middle East, Australia, Canada.
Demand Drivers
Driven by the health food boom, cashew-based products like milk and butter are pushing demand to new highs. There’s also a growing appetite for organic and sustainably sourced cashews—something Vietnam is investing in.
RFQ Trends on Freshdi
On Freshdi, RFQs for cashew nuts have surged in Q1 of 2025, particularly for organic and flavored variants. This uptick mirrors the global shift toward healthy snacking and plant-based eating.
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Top 6 Verified Cashew Nut Suppliers in Vietnam – Proven Export Performers
These suppliers stood out in Week 02 of 2025 for their export volumes, certifications, and buyer satisfaction scores as verified on Freshdi.
1. Huvy Export Import Co., Ltd.
- Known for consistent quality and timely deliveries.
- Offers both conventional and organic cashew variants.
2. November Import And Export Co., Ltd.
- Strong presence in the EU and U.S. markets.
- High buyer satisfaction on Freshdi.
3. BLUE LOTUS EXIM CO., LTD
- Specializes in premium W240 and W320 grades.
- Efficient logistics and responsive customer service.
4. Kim Thu Cashews Co.,Ltd
- Offers a wide range of processed cashew products.
- Compliant with international food safety standards.
5. DGA CO.,LTD
- Focused on innovative packaging and private labeling.
- Popular among mid-sized wholesalers.
6. SANTIGO COMPANY LIMITED
- Strong export history to Asia-Pacific markets.
- Known for bulk order efficiency and competitive pricing.
Dynamic Ranking Note: Rankings on platforms like Freshdi may change weekly or monthly based on real-time buyer feedback, shipment volumes, and performance. Always check the latest “Suppliers of the Month/Quarter” feature for the most up-to-date insights.
Market Navigation – Statistical Trends, Price Insights & Export Dynamics
Navigating the cashew market is like timing the tides—you need to know when to buy and when to wait. Let’s break down the key trends.
Export Trends
Vietnam continues to dominate exports, with a target of $4 billion in 2025. The U.S., EU, and Asia-Pacific remain the biggest buyers.
Demand Insights
The global cashew market is projected to grow from $8.08 billion in 2025 to $9.51 billion by 2030. Vietnam’s domestic demand is also rising, but exports still take the lion’s share.
Deep-processed products like roasted, salted, and flavored cashews are gaining popularity—especially in markets like Japan, the U.S., and Germany.
Seasonal Price Fluctuations
Prices typically peak from February to May, post-harvest. Here are some current price points (as of April 2025):
- W320 Grade: $6.84–$7.50/kg
- W240 Grade: $7.50–$8.15/kg
Factors impacting price:
- Harvest volumes
- Global freight costs
- Currency shifts (a stronger USD = pricier nuts)
Forecasts and Risks
- Price Outlook: May remain high in early 2025 due to tight supply and rising costs.
- Trade Risks: Potential U.S. tariffs could disrupt Vietnam’s export momentum.
- Supply Chain Watch: Pay attention to African harvests, as Vietnam depends on them for raw materials.
Conclusion – Leveraging Data for Optimized Supply Chains
Vietnam’s cashew nut industry isn’t just thriving—it’s leading. With over 80% of the world’s processed cashews coming from Vietnam, the country is a powerhouse you can’t afford to overlook.
So how can businesses make the most of this?
Buyer Checklist: Choosing the Right Supplier
Check supplier export volumes and market reach.
Verify certifications (HACCP, ISO, Organic).
Look for value-added product options (roasted, flavored, etc.).
Time your purchasing with historical price trends.
Leverage platforms like Freshdi to compare RFQs, pricing, and supplier ratings.
How Freshdi Helps
- Supplier verification with real-time performance data.
- Access to RFQ trends and buyer reviews.
- Market insights to help optimize purchase timing.
- Dynamic supplier rankings based on recent activity.
By putting data and digital tools to work, businesses can streamline their supply chains, reduce risk, and tap into Vietnam’s booming cashew nut market with confidence.
FAQs
1. Why is Vietnam the top exporter of cashew nuts?
Vietnam has world-class processing facilities, consistent quality, and a massive capacity to import raw nuts from Africa and re-export them as high-value products.
2. What are the main types of cashew nuts exported from Vietnam?
The most popular grades include W320 and W240. Vietnam also exports deep-processed products like roasted or flavored cashews.
3. When is the best time to buy cashew nuts from Vietnam?
Typically, February to May is the main harvest season. Buying post-harvest can offer better pricing and availability.
4. How can I verify a cashew supplier in Vietnam?
Use platforms like Freshdi to access verified supplier profiles, trade performance data, and real buyer reviews.
5. Are cashew prices expected to rise in 2025?
Yes, short-term price increases are expected due to tight global supply and rising shipping costs, although inventory levels in Western markets may stabilize things later in the year.
References
- VnEconomy
- VOV English
- The Investor
- Mordor Intelligence
- IndexBox
- Freshdi
- Vietnam Agriculture
- CNBC
- Expert Market Research
- Straits Research
