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Vietnam Cashew Market Report – August 2025 Update

Written by Jennie

august 20th, 2025

The global cashew sector is facing significant shifts in August 2025. According to the Vietnam Cashew Association (VINACAS), both imports of raw cashew nuts (RCN) and exports of cashew kernels show sharp contrasts, influenced by global trade policies, logistics risks, and fluctuating consumer demand.

1. Vietnam’s Cashew Imports Surge Nearly 10%

  • – In July 2025, Vietnam imported 327,085 tons of RCN, up 9.53% year-on-year.
  • – The average import price reached USD 1,445/ton, a surge of 23.96% compared to July 2024.
  • – Total imports from January–July 2025 hit 1.99 million tons, valued at USD 3.05 billion (up 48% YoY).

2. Cashew Kernel Exports Under Pressure

  • – Vietnam exported 70,560 tons of cashew kernels in July 2025, worth USD 477.7 million.
  • – Export volume fell 4.81%, but value rose 2.62% YoY due to higher average prices.
  • – In the first seven months of 2025, total kernel exports reached 425,386 tons, valued at USD 2.9 billion.
Key Market:
  • China: 11,967 tons in July (+18.92% YoY for Jan–Jul, 84,384 tons total).
  • United States: 11,294 tons in July, but Jan–Jul imports fell 36% YoY (60,943 tons).

3. U.S. Tariffs Hit Vietnam Cashew Trade

On August 1, 2025, U.S. President Donald Trump announced a 20% tariff on all Vietnamese goods, effective August 7. This directly impacts cashew exports, as the U.S. is traditionally one of Vietnam’s largest buyers.
  • – Buyers are now cautious, adopting a wait-and-see approach.
  • – Spot contracts dominate instead of long-term deals.
  • – Demand recovery may only come in Q4/2025 and Q1/2026, depending on consumer response.

4. Market Sentiment in Asia & Europe

  • Korea: Summer demand is weak, but restocking is expected in September–October ahead of Chuseok holiday.
  • Turkey: Demand is slow due to summer holidays and hot weather, with purchases expected to resume in September.

5. Freight Risks in the Red Sea

The Red Sea crisis continues to disrupt global trade. Houthi attacks on vessels near Israeli ports have led to:
  • – Rising freight rates for shipments to Europe, the Middle East, and the U.S.
  • – Longer transit times as vessels by pass the Suez Canal.

6. Currency & Domestic Tax Pressure

  • – The USD/VND exchange rate rose from 24,870 (Aug 2024) to 26,090 (Aug 2025) (+4.9%).
  • – This benefits exporters (higher VND revenue) but raises costs for imported raw materials.
  • – A new 5% VAT on domestic cashew transactions in Vietnam adds further financial strain.

7. Price Trends & Processing Challenges

  • – Whole kernels remain at historically low prices.
  • Broken grades are more expensive due to limited supply, as processors cut or suspend operations.
  • – Market improvement depends on whether RCN prices decline to match kernel values, allowing processors to resume production profitably.

8. Outlook: What’s Next for Vietnam’s Cashew Industry?

  • Short term: Buyers remain cautious, freight risks linger, and U.S. tariffs add uncertainty.
  • Medium term (Q4 2025): Stock replenishment before year-end holidays in Asia and Western markets could lift demand.
  • Long term: Vietnam must navigate trade barriers, currency risks, and processing costs to maintain its global leadership in cashew exports.

🔎 Stay updated with Hanfimex’s monthly Cashew Market Reports for the latest insights into global cashew trends.

Contact us:
Sales1@hanfimex.com
WA: +84 833203229 (Ms. Jennie)

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cashew, export

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