Vietnam has maintained its position as the world’s largest producer and exporter of cashew nuts in 2020, exporting an estimated 450,000 tonnes of cashew kernels worth 3.2 billion USD, according to the Vietnam Cashew Association (Vinacas).

The cashew industry has just overcome a long crisis cycle from 2017 to early 2019 with serious impacts but the developments of the Covid-19 outbreak have caused the industry to enter a period containing many risks.

Viet Nam stood out as the world’s largest cashew exporter last year but there remains many challenges ahead for the country to retain its leading position in the future.

Vietnam’s cashew exports in 2019 are expected to top US$3.6 billion, according to the Viet Nam Cashew Association (Vinacas).

Instead of competing fiercely with each other, cashew companies have now joined hands to boost exports and focus on deep processing to obtain higher added value for their products.

The Vietnam Cashew Association (Vinacas) has complained about a new regulation which orders all imported cashew containers from Africa to be checked at the ports to prevent the Trogoderma SP worm from being spread into the country.

VietNamNet Bridge - Vietnam’s cashew industry has fallen into crisis as the cashew nut export price has been falling. 

VietNamNet Bridge - Vietnam is still the Number 1 cashew exporter in the world with 65 percent of market share, but cashew companies are facing problems such as lack of raw materials.

VietNamNet Bridge - In 2017, Vietnam exported 353,000 tons of cashew nuts, worth $3.52 billion, an increase of one percent in quantity and 23.8 percent in export turnover compared with 2016. 

VietNamNet Bridge - Several African countries, which have been loyal partners with Vietnamese cashew exporters, are becoming competitors.

VietNamNet Bridge - Vietnam aims to increase export value of cashew nuts by more extensive processing instead of exporting raw or preliminarily processed products.

VietNamNet Bridge - The heavy reliance on import materials remains a problem for Vietnam’s cashew industry, though it remains the top cashew exporter in the world. 

 VietNamNet Bridge – Viet Nam’s major crops like coffee, pepper and cashew have been affected by the prolonged drought, making businesses worry about possible shortages for processing and export,

 VietNamNet Bridge – Vietnam’s cashew sector set records with its 2014 export revenue exceeding 2 billion USD for the first time, securing its place as the world’s top cashew exporter for the ninth straight year.

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In an effort to save the cashew industry, local authorities have been moving ahead with the special plans to develop cashew growing areas.

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