Cashew Export Performance for January–February 2025

According to the latest data from Vietnam's Import-Export Department, cashew nut exports have declined significantly in both volume and value during the first two months of 2025. The total export volume reached 62.4 thousand tonnes, generating USD 424.8 million. Compared to the same period in 2024, this represents a drop of 31.8% in volume and 13.7% in value.

In February alone, Vietnam exported cashews worth USD 171 million, amounting to 22.4 thousand tonnes. This reflects a sharp decline of 33% in volume and 32.9% in value compared to January. However, when compared year-over-year with February 2024, volume decreased by 5.5%, while export value increased by 20.8%, driven by higher global prices.

Average Cashew Export Price Trends

The average export price of Vietnamese cashew nuts showed positive trends despite the reduction in overall volume. Specifically, in February 2025, the price rose to USD 6,821 per tonne, marking a 0.2% increase over January and a notable year-over-year increase of 28%. For the first two months of the year combined, the average export price stood at approximately USD 6,807 per tonne, reflecting a 26.7% increase compared to last year.

Key Export Destinations

Vietnamese cashew kernels remain highly popular globally, with key markets being the United States, the Netherlands, and China. However, early 2025 saw decreased purchasing activity primarily due to high existing stockpiles in destination markets and cautious importer behavior ahead of the new harvesting season.

Vietnam's Cashew Industry Projections

The Vietnam Cashew Association (VINACAS) predicts the market will rebound from April-May onwards, becoming more vibrant as inventories decrease and demand picks up. VINACAS expects Vietnam to achieve around USD 4.5 billion in cashew exports for 2025, surpassing the record USD 4 billion earned in 2024.