Brief Statistic of the Vietnamese Cashews Export Market
Ranked as a global leader of cashew nuts exporter, Vietnam has an impressive export revenue of 3.63 billion USD in 2021, increasing by 13% compared to 2020.
Only in April 2022, Vietnamese cashew nut exports reached 49,000 tons, worth 290 million USD, a growth of 22% in volume and 21% in value over March.
Vietnam has delivered their cashew nuts to more than 50 countries in the world, including the US, Europe, and China, as Vietnam is the biggest producer in the production of cashew nuts.
Top 10 cashew nuts main import partners from Vietnam include the Netherlands, Germany, the United Kingdom, and Italy.
In addition, Vietnam is an outstanding cashew nuts supplier to the EU region, thanks to the effect of the EVFTA (EU – Vietnam Free Trade Agreement).
With 23% of the industry’s entire volume and 22% of its total value in 2021, the EU was ranked as Vietnam’s second-largest cashew nut export market. In particular, exports of Vietnamese cashew nuts to the EU market were 135 thousand tons and were valued at 816 million USD, increasing 16.5% in volume and 8% in value from 2020.
Price of Cashew Nuts in Vietnam
Vietnamese Raw Cashew Nuts Prices in 2022
Raw cashews are also known as raw cashews. The price of raw cashew nuts in 2011 was about $1.01 – 1.05 /kg. The price of raw cashew nuts in February 2022 was $1.17 – 1.22 /kg, only increasing by about $0.21 after 10 years.
| Vietnamese Raw Cashew Nuts | The average cost of 1 kilogram |
|---|---|
| Dong Nai | $1.17 |
| Ba Ria – Vung Tau | $1.13 |
| Binh Phuoc | $1.09 – $1.17 |
| Kon Tum | $1.09 – $1.13 |
| Dak Lak | $1.05 |
| Lam Dong | $1.05 |
Price of Cashew Nuts Exports to Traditional Markets in 2022
The US, China, and the Netherlands are Vietnam’s top three import markets. Other import markets can be found in places like Korea, Taiwan, Hong Kong, etc.
Because different markets have various demands for different cashew kernel sizes, there are differences in the export prices of cashew nuts to those markets.
Customers from China often desire huge nuts with 180 seeds per pound, while the W320 variety of cashew kernel is well-liked in both the US and European markets.
| Nuts Types for Export | Market | Average cost of 1 kilogram |
|---|---|---|
| W320 | The US | 9 USD/kg |
| W180 | China | 7578 USD/ton |
| W320 | The Netherlands | 7300 USD/ton |
| W240 | The Netherlands | 7800 USD/ton |
| W210 | The Netherlands | 8200 USD/ton |
| W320 | India | 8500 USD/ton |
| W320 | Korea | 7100 USD/ton |
| W320 | Hong Kong | 7600 – 7700 USD/ton |
| W320 | Taiwan | 7200 USD/ton |
| W180 | Papua New Guinea | 7100 USD/ton |
| The UK | 6300 USD/ton | |
| Saudi Arabia | From 6500 USD/ton |
Places Growing Cashews in Vietnam
The cashew tree is typically only planted in Vietnam’s Southern regions, particularly in the Central Highlands and Southeast, with a few exceptions in the West.
The states where the land and environment are best for cashew growth and production in Vietnam are:
- Binh Phuoc
- Dong Nai
- Binh Thuan
- Gia Lai
- Kon tum
- Dak Lak…
Considerably, Binh Phuoc is known as the cashew capital of Vietnam. About 50% – 60% of the Vietnam cashew regions are made out of 179000 hectares of cashew nuts.
The government owns, and Forest Rangers are in charge of managing around 21% of the region. About 77600 households in the three districts of Phu Rieng 19, Bu Gia Map, and Bu Dang are the owners of the entire areas, which are managed by small-scale cashew nut farmers.
Top 10 Vietnamese Cashews Export Companies
1. Duy Linh – Binh Duong Co., Ltd
Duy Linh Co., Ltd. is one of the top 30 cashew exporters in Vietnam. The products that Duy Linh Co., Ltd. brings are manufactured and packaged based on BRC food safety standards to provide consumers with safe and clean food.
Since the company was established, Duy Linh Co., Ltd. has always been interested in the tastes of customers in order to improve product quality.
Therefore, this company specializes in providing all kinds of cashew nuts, roasted cashews (salt, garlic and chilli), and fresh cashews according to the needs of the majority of customers both at home and abroad.
Duy Linh Co. also takes advantage of hoarding quality goods to always stand as a strong cashew nut export company abroad.
Contact Info:
Address: No. 420, Group 12, Quarter 2, My Phuoc Ward, Ben Cat Town, Binh Duong
Phone: 0274.3591456
Email: [email protected]
Website: Duylinhcoltd.com
2. Long Son – Dong Nai Food Co., Ltd
Long Son Food Company Limited was established in 2000 and is currently a large cashew nut export company in Vietnam.
Long Son recognizes the popularity of Vietnamese cashew products in the world market. Hence, the firm has applied new technologies and put them into the production process to provide customers with quality cashew nuts.
In addition, the management team of Long Son Food Co., Ltd. is always thoroughly trained as well as has many years of experience in roasting cashews.
The products that Long Son processes and supplies to the market are cashews, salted roasted cashews, fried cashews, honey-soaked cashews, Wasabi soaked cashews, cashew candies…
Every year, thanks to the company’s exports of cashew nuts to foreign countries, Long Son has earned a large amount of foreign currency from partners in the US, the EU, Canada, and Australia,…
Currently, Long Son Food Co., Ltd. is constantly making more efforts to supply more delicious and nutritious cashews to the market.
Contact Info
Address: Lot CN-1, Agtex Long Binh Industrial Park, Long Binh Ward, Bien Hoa City, Dong Nai
Phone: 0271.3833992
Email: [email protected]
Website: longsonfoods.vn
3. Hai Binh – Gia Lai Cashew Joint Stock Company
As one of the cashew nut export companies specializing in providing roasted cashews with garlic and chilli, Wasabi soaked cashews, fresh cashews, salted roasted cashews, honey-soaked cashews, fried cashews, cashew candies,… Nuts Joint Stock Company Hai Binh Gia Lai is proud to be a pioneer in bringing roasted cashews abroad.
Since its establishment, Hai Binh Gia Lai Cashew Joint Stock Company has constantly been striving and taking advantage of locally available raw materials along with a factory with modern production lines.
The company has applied a special formula to process cashew nuts, attracting a large number of domestic and foreign customers.
In addition, to bring the best benefits to customers, Hai Binh Gia Lai Cashew Joint Stock Company has trained skilled, knowledgeable, and expertise-in-roasting-cashews workers for many years.
Contact Info
Address: 1327 Truong Chinh, Chu H’drong Ward, Pleiku City, Gia Lai
Phone: 0902 711 899 – 0905 980 984
Email: [email protected]
Website: haibinhgialai.com
4. My Viet Cashew Processing One Member Company Limited – District 7
My Viet Cashew Processing One Member Co., Ltd. is one of the largest cashew nut export companies in Vietnam.
With the factory equipped with the most advanced and optimized machines and technology according to 100% American standards, the processing of salted roasted cashews and fried cashews, … ensures high quality and safety for consumers.
Moreover, by applying their special recipe, the company aims to supply customers with the most natural and delicious cashews, which always retain the aroma and fat.
Products of My Viet cashew nut export company have been present in markets around the world, such as the US, Canada, and South Korea.
Contact Info
Office address: Room 5-06B, 800 Nguyen Van Linh, Tan Phu Ward, District 7, City. Ho Chi Minh
Factory address: Lot A2, Road No.1, Loi Binh Nhon Industrial Cluster
Loi Binh Nhon Commune, City. Tan An, Long An
Phone: 028.54110797
Email: [email protected]
Website: avcnuts.com
5. Hanfimex Vietnam Joint Stock Company – Hanoi
Hanfimex Vietnam Joint Stock Company is in the top leading cashew nut export factories in Vietnam.
As a cashew nuts company with modern machinery and technology imported from Europe, Hanfimex Vietnam Joint Stock Company always controls the quality of cashew nuts with a strict standard to deliver products safely to consumers.
With more than 30 years of working experience, Hanfimex Vietnam Joint Stock Company is the first choice for both domestic and foreign customers in the agricultural product market.
Hanfimex has built up a network of potential global partners with a stable cooperation relationship over the years: Europe, Middle East (UAE, Jordan, Qatar, Saudi Arabia,..), USA, Canada, Australia, South Africa, Asia (China, Taiwan, Japan, Korea, India, ..).
Contact Info:
Address: 19th floor, VTC online building, 18 Tam Trinh, Hai Ba Trung District, Hanoi
Phone: 024.32003356
Email: [email protected]
Website: hanfimex.com
6. Thao Nguyen – Ho Chi Minh City Co., Ltd
As one of the top 10 largest cashew nut export companies in Vietnam, Thao Nguyen Co., Ltd specializes in the production and processing of cashew kernels and cashew nut shell oil with great success.
With the criterion of “Development – Stability – Sustainability”, Thao Nguyen Co., Ltd always strictly adheres to the food safety management system to achieve good standards.
The processing is always applied with modern machinery and technological equipment. Thus, they always ensure a stable source of raw materials for long-term production and export plans, which meet customers’ needs.
Furthermore, the products of Thao Nguyen cashew nuts export company have almost been exported to all foreign markets with demand for cashew nuts consumption, not to mention markets with many barriers and strict requirements, such as the US, and the EU…
Contact Info:
Address: 132B Nguyen Cao, Tan Phong Ward, District 7, HCMC
Phone: 0898776888 – 028.54138849
Email: [email protected]
Website: taonguyen.com.vn
7. Hong Loi Thinh – Dong Nai Co., Ltd
Hong Loi Thinh is a cashew nut export company in Vietnam with various kinds of quality cashew nuts.
Their products include roasted cashews with garlic and chilli, roasted cashews with salt, cashew nuts with pears, honey-soaked cashews, fresh cashews, and fried cashews, … All are produced and processed by Hong Loi Thinh Co., Ltd. following its own formula with a fairly strict process to ensure food hygiene and safety for consumers.
With the slogan “safety – prestige – quality”, Hong Loi Thinh Co., Ltd has always strived and tried to bring the best and most nutritious products to create the trust of customers for the company’s products.
In order to increase the popularity of Hong Loi Thinh’s products, the company now supplies cashew nuts to both domestic and international customers.
Contact Info:
Address: 744, Provincial Road 766, Tan Hung Hamlet, Xuan Thanh Commune, Xuan Loc Dist., Dong Nai Province.
Phone: 0983840966 – 0908155332
Email: [email protected]
Website: hatdieudongnai.com
8. Hoang Son 1 – Binh Phuoc Joint Stock Company
With the production process through machinery and the most modern and advanced technology, Hoang Son 1 Joint Stock Company is in the top 3 largest cashew nut export companies in Vietnam.
Hoang Son 1 Joint Stock Company always focuses on product forms with many different weights so that customers can easily choose for themselves the most suitable products.
During many years of operation, Hoang Son 1 Joint Stock Company has constantly tried to create quality cashew nut products that meet international standards.
As a popular cashew nuts export company in both Vietnamese and foreign markets, the cashews of this company are consistently tasty, non-toxic, and reasonably priced.
Contact Info:
Address: National Highway 14, Duc Lieu Commune, Bu Dang District, Binh Phuoc Province
Phone: 0983920721
Email: [email protected]
Website: hoangson1.vn
9. Hadi Food Vietnam Company – Ho Chi Minh City
HadiFood is a cashew nuts export company specializing in the production and processing of delicious cashews that are popular with many people.
At HadiFood Vietnam, you will be provided with all kinds of cashew-related products, such as roasted cashews with garlic and chilli, fresh nuts, roasted cashews with salt, etc.
The business is dedicated to always giving you top-notch goods while maintaining the highest standards of food safety and hygiene.
In addition, HadiFood Vietnam has been training a team of highly qualified and qualified staff to improve product quality and integrate with the world. This has created a professional cashew nut export company to meet a large number of domestic and foreign customers such as Taiwan, Singapore, USA, Australia,….
Contact Info
HCM Branch: 12 Nguyen Huu Tho, Phuoc Kien commune, Nha Be district, City. Ho Chi Minh
Dong Nai Branch: No. 55 Tran Minh Tri, Thanh Binh Ward, Bien Hoa, Dong Nai
Phone: 0908 040 075 – 0908 27 87 69
Email: [email protected]
Website: hadifood.com
10. VinaNuts Cashew Nut Company – Ho Chi Minh City
One of the exporters of cashew nuts, VinaNuts, uses a production method that complies with quality standards and protects consumer health by avoiding the use of frying oil, preservatives, and poisonous compounds.
VinaNuts cashew enterprise is willing to cooperate with nations that have a high demand for cashew nut consumption as an exporter.
Along with offering high-quality goods, VinaNuts puts a greater emphasis on product categorization to expand the range of available goods.
Examples of these are double-tank cashews, honey cashews, vacuum-sealed cashews, cashews with their silk shells removed, etc. This attracts not just domestic but also international clients.
Contact Info
Address: 149/99/9 Trinh Dinh Trong, Phu Trung Ward, Tan Phu District, City. Ho Chi Minh
Phone: 0968244138
Email: [email protected]
Website: vinanuts.com.vn
Benefits of Cutting Off Mediator in Importing Cashew Nuts from Vietnam
Conventional Import Method: Indirect Import
A sizable number of overseas importers have used the traditional approach of bringing in products indirectly to import cashew nuts from Vietnam.
In this situation, their firms will certainly waste a significant amount of time on delivery and money on mediators.
Such a waste of effort when many overseas companies still strive to import by following this traditional method!
Fortunately, the import and export market has found a more effective way to deal with the problem.
Two Ways to IMPORT DIRECTLY
1. Connect Directly with Large Firms
Pros:
Building connections with large and experienced producers may benefit your company since they are reliable and quality-ensured.
Long-term trained and qualified workers along with professional production lines, these companies provide you with excellent services and meet-the-standard products.
Cons:
However, specifically for SMEs, one big drawback when choosing large cashew nuts firms as partners is the requirement for large quantities of cashew nuts. This also can be quite challenging for importers who want to pre-test the consumption trend in their regions.
Finding Small but High-Quality Factories
Pros:
In contrast to the big exporters, small/ medium cashew nuts enterprises in Vietnam are less demanding, which creates bigger chances for new firms to import with moderate quantities.
If there are fewer imported goods, quality control is simpler. Before committing to formal contracts with your supplier, you can additionally evaluate the product’s popularity with customers.
Cons:
On the other hand, your company will soon find a lack of detailed information about the exporter before deciding to cooperate with them, accidentally creating a gap between the two firms. Moreover, it is more time-consuming to discover trustworthy enterprises having small scale.
HOW TO FACE THESE DIFFICULTIES?
To effectively solve 2 problems of importing from both large and small firms, your company can look for a reliable partner who will be responsible for sourcing the most suitable suppliers for your company. Also, the partner must have deep knowledge of direct import/export.
Confidently introducing to our potential customers that our prior partners, who have seen great success in their import and export, have attested to VIEC’s direct export and sourcing services.
VIEC has solved the problems of saving pricey costs and minimising shipment time by applying our effective services.
We are available to you if you need a direct export or sourcing service! To learn more, kindly get in touch with us!
