Vietnam is the largest market for Cambodian cashew nuts.

Accounting for about 90% of cashew exports, Vietnam is currently the largest market for this commodity from Cambodia.

According to a report by the Cambodian Cashew Association (CAC), in 2024, Cambodia exported 815 thousand tons of cashew nuts, worth 1.15 billion USD, up 24% in volume and 31% in value compared to 2023. Of which, raw cashew nut exports to Vietnam were the largest, accounting for about 90% of Cambodia's cashew nut exports, followed by exports to India and China.

Vietnam is the largest market for Cambodian cashew nuts.

Cambodia has become the world's second largest producer of raw cashew nuts, with a total output of 850,000 tons in 2024, up 26% year-on-year. This increase is a positive sign for the development of the Cambodian cashew industry, and cashew prices will also remain high in 2024.

Cashew is one of Cambodia's high-value commercial crops, along with rice, rubber, cassava, palm oil, bananas, mangoes, longans and pepper.

While Cambodia has risen to become the world's second largest producer of raw cashew nuts, Vietnam's cashew industry has maintained its leading position in the world in exporting cashew kernels for many consecutive years, affirming the prestige of its brand in the international market.

Vietnamese cashew nuts are now available on shelves in more than 90 countries and territories around the world, with export value growing steadily over the years.

The global cashew industry is forecast to continue to grow in the coming years, giving Vietnam the opportunity to maintain its number one position in cashew nut exports. In 2024, Vietnam's cashew nut exports will continue to maintain their leading position with impressive growth.

According to the General Department of Customs, in 2024, Vietnam exported 723.8 thousand tons of cashew nuts, worth 4.34 billion USD, up 12.4% in volume and 19.2% in value compared to 2023. This is the first year that cashew exports have exceeded the 4 billion USD threshold.

Vietnam's average cashew nut export price has continuously increased sharply since May 2024 and increased to 6,673 USD/ton in December 2024. In 2024, Vietnam's average cashew nut export price will reach 6,001 USD/ton, up 6.1% compared to 2023.

In 2024, Vietnam's cashew nut exports will develop quite favorably in the context of increasing import demand in most major markets. Vietnamese cashew nut exporting enterprises have exploited the markets: the United States, China, the Netherlands, Germany, the UAE, Canada, Spain, Russia, France, etc., with export growth to these markets all recording double-digit growth.

Source: https://congthuong.vn/viet-nam-la-thi-truong-lon-nhat-cua-hat-dieu-camchuchia-371283.html