Vietnam continues to hold its position as the world’s leading cashew processor and exporter, accounting for approximately 80% of global cashew kernel exports, according to the Vietnam Cashew Association (VINACAS).
Key market developments:
– In Q1 2026, Vietnam exported 139,865 metric tons of cashew kernels, up 11.8% year-on-year. Export value reached USD 953.5 million, an increase of 10.9% compared to the same period in 2025. (Source: VINACAS)
– The average export price stood at approximately USD 6,802 per metric ton in Q1, reflecting broadly stable pricing conditions despite input cost pressures.
– China has emerged as Vietnam’s single largest cashew kernel market, surpassing the United States, with a 19.6% share of export volume in 2025. Strong buying momentum from China has continued into early 2026.
– For the full year 2026, VINACAS has set an export target of USD 5 billion, revised down from the USD 5.43 billion achieved in 2025, reflecting risk assessments related to geopolitical disruptions affecting key shipping routes and end-markets including the Middle East.
– Global cashew consumption in 2024: cashews accounted for 18% of total tree nut consumption worldwide, with Asia as the primary consuming region at 47% of global demand. (Source: INC Global Statistical Review 2025)
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