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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Vietnam Cashew Market Size
The Vietnam cashew market reached approximately 19.15 KMT in 2023. The market is projected to grow at a CAGR of 5.4% between 2024 and 2032, reaching a value of around 30.74 KMT by 2032.
| Vietnam Cashew Market Report Summary | Description | Value |
| Base Year | KMT | 2023 |
| Historical Period | KMT | 2018-2023 |
| Forecast Period | KMT | 2024-2032 |
| Market Size 2023 | KMT | 19.15 |
| Market Size 2032 | KMT | 30.74 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 5.4% |
| CAGR 2024-2032 - Market by Region | Southeast | 5.7% |
| CAGR 2024-2032 - Market by Region | Mekong River Delta | 5.2% |
| CAGR 2024-2032 - Market by Type | White | 6.3% |
| CAGR 2024-2032 - Market by Form | Whole | 6.4% |
| Market Share by Region | Mekong River Delta | 16.8% |
Vietnam Cashew Market Outlook
- In 2023, the Southeast Asian nations collectively produced 1.5 million tons of cashews, making up a considerable 36.6% of the global production share.
- Binh Phuoc province is considered the primary hub for cashew production in Vietnam, encompassing more than half of the nation's cashew cultivation area and output.
- In 2022, cashew imports in Vietnam amounted to approximately 2 billion US Dollars.
Vietnam Cashew Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market reached an approximate volume of 19.15 KMT.
The market is estimated to grow at a CAGR of 5.4% between 2024 and 2032.
The market is estimated to witness a healthy growth during 2024-2032 to reach around 30.74 KMT by 2032.
The market is being driven by the rising health-conscious population and surging international trade agreements.
The key trends aiding the cashew market in Vietnam include the adoption of sustainable production practices and the incorporation of advanced manufacturing techniques.
The major regions considered in the market are Southeast, Red River Delta, Mekong River Delta, and South Central Coast, among others.
The major forms of cashew include whole and pieces.
The major players in the market are PAN Group, Donafoods (Dong Nai Agricultural Products Import-Export Processing Joint Stock Company, Vietnam Cashew Processing Co., CPT CORP, and MYANCO.,Ltd., among others.
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India
C130 Sector 2 Noida, Uttar Pradesh 201301
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Philippines
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United Kingdom
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+84-865-399-124