It is forecasted that the cashew industry still has much room for export growth in 2024

According to data from the General Department of Customs, Vietnam's cashew nut exports in 2023 will reach 644,000 tons, worth 3.64 billion USD, up 24% in volume and 18.1% in value. value compared to the previous year. This is also the highest result in recent years. According to the Vietnam Cashew Association, Vietnam's cashew exports to all major markets increased compared to 2022. Of which, the United States and China continue to be the two largest markets with an increase of 5% respectively. reaching 885 million USD (accounting for 25% of the total export turnover of this item) and 55% reaching 683 million USD (accounting for 19% of the total export turnover of cashew nuts in the country). At the same time, cashew nut exports to the Netherlands - the gateway to the EU market in 2023 will reach 353 million USD, an increase of 19% compared to 2022 and accounting for 10% of the country's total cashew export turnover. In addition, the amount of cashew nuts exported increased sharply to markets: United Arab Emirates (up 72.3%); China (up 49.8%); Saudi Arabia (up 46.3%); UK (up 24.1%) …

The Import-Export Department (Ministry of Industry and Trade) said that Vietnam's cashew industry has well exploited traditional and potential markets. Cashew export forecast in 2024 still has much room for export growth. In fact, according to a report by the Center for Digital Transformation and Agricultural Statistics (Ministry of Agriculture and Rural Development), in the first 2 months of 2024, Vietnam exported 110 thousand tons of cashew nuts, worth 595 million USD. (up 78.8% in volume and 68.2% in value over the same period in 2023). The current low price of cashew nuts will help promote consumption of this healthy product, while productivity and harvest are quite stable.

Vinacontrol, as a leading cashew inspection unit in Vietnam and an active member of the Vietnam Cashew Association (VINACAS), has made significant contributions to the development of the Vietnamese cashew brand. Since the early years of Vietnam's cashew exports, Vinacontrol has been involved in the inspection of raw cashew nuts and cashew kernels for export, collaborating with businesses to gradually introduce Vietnamese cashew nuts to the global market. Presently, Vinacontrol is the largest cashew inspection unit in Vietnam, overseeing over 90% of raw cashew nut production and more than 70% of cashew kernel production.

Through relentless efforts, Vinacontrol has steadily become a leading cashew inspection organization globally, earning the trust of numerous partners both domestically and internationally. With the established brand reputation and a team of experienced, long-term inspectors dedicated to following the inspection processes rigorously, Vinacontrol consistently provides objective assessments, assisting businesses involved in cashew production, processing, and trading to enhance product quality and successfully compete in the international market.

For more detailed information about Vinacontrol's services related to cashew products, please visit: http://www.vinacontrol.com.vn/cat/dichvu_hatdieu