Strengthening Global Ties at Korea Food 2025
Date: June 10–13, 2025
Venue: KINTEX, Seoul, South Korea
Booth: Hall 3 – Stand 3C703
As one of Vietnam’s leading exporters of spices and nuts, Prosi Thăng Long was honored to join Korea Food 2025, South Korea’s premier international food exhibition. The event brought together top global suppliers, importers, and food manufacturers — and Prosi was proud to represent the best of Vietnam’s agricultural excellence.
A Strong Impression at Korea Food 2025
At our booth, visitors experienced the full range of Prosi’s high-quality offerings:
- 🌿 Vietnamese Cinnamon (Cassia): Rich in aroma and oil content, sourced from well-managed farms in Yen Bai and Lao Cai.
- 🌟 Star Anise from Lang Son: Bold flavor and high shikimic acid content — ideal for both culinary and pharmaceutical applications.
- 🧂 Black Pepper GL550 & GL500: Known for its bold taste, density, and clean processing — trusted by buyers across the Middle East and Asia.
- 🥜 Cashew Kernels: From WW240 premium-grade to split and roasted varieties, directly processed in our Bình Phước factory.
- 🥥 Desiccated Coconut: Ideal for baking, snacks, and industrial food applications, serving markets from Europe to the Middle East.
Why Korea Matters
South Korea is a growing market for natural, healthy, and high-value food ingredients. Prosi Thăng Long’s presence at Korea Food 2025 highlighted our commitment to long-term partnerships with Korean and Asian buyers who value consistency, safety, and supply chain reliability.
Market Insight & Direct Conversation
One of the highlights of the event was the opportunity to meet face-to-face with clients and partners to exchange insights on:
- Vietnamese spice supply chains
- Global price trends
- Seasonal harvest updates
- Export opportunities and market regulations
Prosi continues to position itself not only as a reliable supplier, but as a trusted market partner — offering deep industry insight and flexible solutions tailored to each client’s needs.
PROSI THANG LONG AT SIAL SHANGHAI 2025
Date: May 28–30, 2025
Venue: Shanghai New International Expo Centre (SNIEC), Shanghai, China
Booth: Hall E3 – Stand E3A021
Prosi Thăng Long is proud to showcase Vietnam’s finest agricultural products at SIAL China 2025, one of Asia’s largest and most influential food innovation exhibitions.
As a trusted leader in spice and nut exports, we continue to strengthen our presence in the Chinese market — a market that values quality, traceability, and innovation in sourcing.
Why Visit Prosi Thăng Long’s Booth?
🔹 Premium Vietnamese Spices
We offer a wide range of top-grade spices including Star Anise from Lang Son, high-oil Cassia from Yen Bai, and Black Pepper GL550, all carefully selected, cleaned, and prepared for global standards.
🔹 Cashew Excellence
Explore our cashew portfolio — from WW240 and WW320 kernels to split and roasted varieties — processed in our Binh Phuoc factory with a capacity of over 15,000 MT/year.
🔹 Reliable Exporter with Global Reach
With consistent monthly shipments exceeding 250 containers, we proudly serve clients in over 40 countries across the Middle East, Africa, South Asia, Europe, and America.
Commitment to Partnership
At Prosi Thăng Long, we believe in building long-term relationships through product quality, transparent communication, and deep market insight. Our participation in SIAL China 2025 reflects our continued investment in understanding the evolving needs of Chinese buyers and delivering solutions tailored for this dynamic market.
We warmly invite importers, distributors, and food manufacturers to visit our booth, explore our offerings, and discuss opportunities for collaboration.
Prosi Thăng Long – Professional. Spices & Nuts. Insight.
Your trusted Vietnamese partner in global agriculture.
Prosi Thăng Long at Saudi Food 2025: Showcasing Vietnam’s Finest Spices & Nuts to the Middle EastProsi Thăng Long at Saudi Food 2025
Date: 12-14 May 2025
Venue: Riyadh International Convention & Exhibition Center (RICEC), Saudi Arabia
Booth: Hall 4 – Stand 4C1211
As one of Vietnam’s leading exporters of spices and nuts, Prosi Thăng Long is proud to participate in Saudi Food 2025 — the region’s premier international trade fair for food and beverage innovation.
This marks a strategic opportunity for us to connect with importers, distributors, and manufacturers in the Middle East and beyond, while showcasing the best of Vietnamese agriculture.
What You Can Expect at Our Booth:
- Premium Spices: From high-oil Vietnamese Cassia and Star Anise to export-grade Black Pepper GL550, our spices are selected from the finest growing regions and processed to meet international standards.
- Top-Grade Cashew Kernels: Including WW240, WW320, and roasted cashews — with consistent size, clean appearance, and stable year-round supply.
- Trusted Export Experience: With over 250 export containers shipped monthly, Prosi is known for reliable logistics, full export documentation, and deep understanding of key markets across the Middle East, Africa, and Asia.
As global demand for high-quality, traceable ingredients continues to grow, Prosi Thăng Long is ready to serve as your long-term sourcing partner.
We invite all trading partners, import-export companies, and food professionals to stop by our booth, explore our product range, and discuss future cooperation.
Prosi Thăng Long – Professional. Spices & Nuts. Insight.
Vietnam’s trusted name in global spice trade.
PROSI THĂNG LONG AT GULFOOD 2025 – 30TH EDITION
We are thrilled to announce that Prosi Thăng Long will be participating in Gulfood 2025, the world’s largest annual food and beverage trade exhibition, now celebrating its 30th edition!
📅 Date: February 17-21, 2025
📍 Venue: Dubai World Trade Centre
🛎️ Booth: M-H59, SHK Maktoum Hall – Vietnam Pavilion
As a leading exporter of Vietnamese spices and agricultural products, we are excited to showcase our premium-quality cassia, star anise, black pepper, cashew nuts, and desiccated coconut to the global market. Gulfood 2025 presents a fantastic opportunity for us to connect with importers, distributors, and industry professionals worldwide.
We warmly invite our valued partners, customers, and new business connections to visit our booth, explore our diverse product offerings, and discuss potential cooperation opportunities.
Let’s meet at Gulfood 2025 and bring the best of Vietnam’s spices to the world!
📩 For inquiries or to schedule a meeting, contact us at sales@prosi.com.vn
🌍 Learn more about us at www.prosi.com.vn
#Gulfood2025 #ProsiThangLong #VietnameseSpices #GlobalTrade #DubaiExpo #Cassia #StarAnise #Pepper #Cashew #DesiccatedCoconut
PROSI THĂNG LONG – VIETNAM’S NO.1 CINNAMON & STAR ANISE EXPORTER IN 2024
We are proud to announce that Prosi Thăng Long continues to lead Vietnam’s cinnamon and star anise export industry in 2024. With an unwavering commitment to quality and global market expansion, we have once again secured our position as the largest and most trusted exporter of these premium spices.
In 2024, Vietnam exported 99,874 tons of cinnamon, generating a total export value of $274.5 million. This marks an 11.7% increase in export volume and a 5.2% rise in export value compared to 2023. India remained the largest export market, accounting for 35.9% of total exports (35,885 tons), despite experiencing a 5.7% decline from the previous year. The United States followed as the second-largest market, importing 11,078 tons (11.1%), reflecting a 9.0% growth. Bangladesh ranked third with 7,928 tons (7.9%), showing a remarkable 42.5% increase.
Among all exporters, Prosi Thăng Long emerged as the top cinnamon exporter, shipping 14,891 tons, which accounts for 14.9% of Vietnam’s total cinnamon exports—a 7.6% increase compared to 2023. Our continuous growth and market leadership reaffirm our position as the industry’s leading supplier.
Similarly, Vietnam exported 14,004 tons of star anise in 2024, with a total export value of $63.7 million. However, the overall export volume decreased by 5.7%, and export value dropped by 16.2% compared to 2023. India remained the dominant importer, accounting for 66.8% (9,352 tons), with a 19.0% increase in demand. Other key markets included the USA (563 tons), China (420 tons), Taiwan (361 tons), and Thailand (269 tons).
Once again, Prosi Thăng Long led the star anise export market, supplying 2,865 tons, which represents 20.5% of Vietnam’s total exports. This marks a 19.6% increase from 2023, further solidifying our dominance in the global spice trade.
As we continue to expand and strengthen our global presence, Prosi Thăng Long remains committed to providing premium-quality Vietnamese spices to partners worldwide. Meet us at Gulfood 2025 to explore exciting business opportunities!
#ProsiThangLong#Prosi#GlobalTrade#VietnamSpices#VietnamNuts#Pepper#Cashew#Cinnamon#Coconut#StarAnise#VietnamExporter#Gulfood2025
——————————-
𝐏𝐫𝐨𝐬𝐢 𝐓𝐡𝐚𝐧𝐠 𝐋𝐨𝐧𝐠 – 𝐒𝐩𝐢𝐜𝐞𝐬 𝐚𝐧𝐝 𝐍𝐮𝐭𝐬 𝐕𝐢𝐞𝐭𝐧𝐚𝐦 𝐌𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐞𝐫 𝐚𝐧𝐝 𝐄𝐱𝐩𝐨𝐫𝐭𝐞𝐫
𝐀𝐝𝐝𝐫𝐞𝐬𝐬: 4th Floor, Kim Anh Building, No 78 Duy Tan, Cau Giay, Ha Noi
𝐄𝐦𝐚𝐢𝐥: Sales@prosi.com.vn
𝐎𝐟𝐟𝐢𝐜𝐞 𝐇𝐨𝐭𝐥𝐢𝐧𝐞: (+84) 9858 17797
𝐘𝐨𝐮𝐫 𝐭𝐫𝐮𝐬𝐭𝐞𝐝 𝐩𝐚𝐫𝐭𝐧𝐞𝐫 𝐢𝐧 𝐩𝐫𝐞𝐦𝐢𝐮𝐦 𝐬𝐩𝐢𝐜𝐞𝐬 𝐚𝐧𝐝 𝐧𝐮𝐭𝐬
Vietnam’s Cinnamon and Star Anise Market Report 2024
I/ Cinnamon: Growth and Market Dynamics
In 2024, Vietnam recorded a total cinnamon export volume of 99,874 tons, generating export revenue of USD 274.5 million, marking an 11.7% increase in volume and a 5.2% increase in value compared to 2023. Despite a 9.4% decline in volume and an 11% decline in value during the first four months of the year, the sector experienced a significant recovery toward the end of 2024.
Export Market Highlights
India remained the largest export market for Vietnamese cinnamon in 2024, with 35,885 tons exported, accounting for 35.9% of total exports. However, this marked a 5.7% decrease compared to the previous year.
The United States was the second-largest market, with 11,078 tons exported, representing 11.1% of total exports and an impressive 9.0% growth compared to 2023.
Bangladesh ranked third, with 7,928 tons exported, accounting for 7.9% of total exports and achieving a remarkable 42.5% increase year-over-year.
Leading Exporters in 2024
Prosi Thăng Long continued to dominate the cinnamon export sector as the largest exporter in Vietnam, contributing 14.9% of total exports with 14,891 tons, a 7.6% increase compared to 2023.
The following companies also made significant contributions:
- Gia Vị Sơn Hà: Exported 6,163 tons, an impressive 31.8% growth, accounting for 6.2% of the market.
- Tuấn Minh: Exported 4,618 tons, a remarkable 48.3% growth, accounting for 4.6% of the market.
- Senspices Việt Nam: Exported 4,299 tons, a 16.2% decline, accounting for 4.3% of the market.
- Olam Việt Nam: Exported 4,128 tons, a 19.8% growth, accounting for 4.1% of the market.
Prosi Thăng Long’s Leadership
Prosi Thăng Long reaffirmed its position as the industry leader in 2024, maintaining the largest market share in Vietnam’s cinnamon export sector. This achievement reflects the company’s consistent commitment to quality, market expansion, and innovation in the spice industry.
II/ Overview of Star Anise in Vietnam
In 2024, Vietnam exported 14,004 tons of star anise, generating a total export revenue of USD 63.7 million. This represented a 5.7% decline in export volume and a 16.2% drop in value compared to 2023. Despite these challenges, Prosi Thăng Long achieved significant growth, reinforcing its leadership in the star anise export sector.
Export Market Highlights
India remained the largest market for Vietnamese star anise, accounting for 66.8% of total exports, with 9,352 tons exported—an impressive 19.0% growth compared to the previous year.
Other notable export markets included:
- United States: 563 tons
- China: 420 tons
- Taiwan: 361 tons
- Thailand: 269 tons
Leading Exporters in 2024
Prosi Thăng Long solidified its position as the top exporter of star anise in Vietnam, exporting 2,865 tons and accounting for 20.5% of the total market share, a 19.6% increase compared to 2023.
Other key contributors included:
- Tuấn Minh: 769 tons
- Senspices: 579 tons
- Hồng Sơn Việt Nam: 446 tons
- Huy Chúc M & M: 398 tons
Prosi Thăng Long’s Expansion
To meet growing market demand, Prosi Thăng Long expanded its production capacity by opening a new factory in Lạng Sơn in 2024. This strategic move underscores the company’s commitment to innovation and its mission to deliver premium-quality star anise to global markets.
III/ Challenges in Vietnam’s Cinnamon and Star Anise Export Sector
Despite achieving positive results, Vietnam’s cinnamon and star anise industries face numerous challenges that demand strategic solutions to sustain growth and competitiveness in the global market.
1. Intensifying Competition
The global spice market is becoming increasingly competitive, with major exporting countries such as Indonesia, Sri Lanka, and India vying for market share. Vietnamese exporters must differentiate themselves by offering superior quality and value-added products to remain ahead of competitors.
2. Stringent Quality Standards
Importing markets, especially in the EU and the United States, are implementing stricter quality and safety requirements. These include higher standards for pesticide residues, microbiological safety, and organic certifications. Meeting these demands requires significant investments in processing technology, quality control systems, and compliance documentation.
3. Price Volatility
The international market for cinnamon and star anise is highly sensitive to price fluctuations caused by supply-demand imbalances, currency exchange rates, and geopolitical factors. Such volatility poses risks to exporters, particularly when negotiating long-term contracts.
Prosi Thăng Long’s Approach
As the industry leader, Prosi Thăng Long is proactively addressing these challenges by:
- Strengthening Market Relationships: Building strong partnerships with key buyers to navigate market uncertainties effectively
- Investing in Modern Facilities: Expanding production capabilities, such as the new factory in Lạng Sơn, to ensure consistent quality and supply.
- Enhancing Quality Control: Implementing advanced processing technologies to meet stringent international standards.
IV/The Rising Trend of Organic Cinnamon and Star Anise Development
Vietnam has been the world’s largest exporter of cinnamon since 2021, a remarkable achievement that highlights the country’s pivotal role in the global spice industry. To sustain and enhance this position, the cinnamon and star anise sector must embrace innovation, with the development of organic production emerging as a key strategy for the future.
Why Organic Matters
- Global Demand for Organic Products
Consumers worldwide are increasingly prioritizing health, sustainability, and environmentally friendly practices. The demand for organic spices, including cinnamon and star anise, is rising, especially in high-value markets such as the EU, the United States, and Japan. - Enhanced Market Access
Organic certifications open doors to premium markets and allow Vietnamese exporters to secure higher profit margins. Products labeled organic carry a reputation for quality and sustainability, aligning with global trends. - Sustainability and Environmental Benefits
Organic farming practices reduce the use of harmful pesticides and synthetic fertilizers, promoting healthier ecosystems and long-term soil fertility. This ensures sustainable growth for the industry while addressing environmental concerns.
Prosi Thăng Long’s Vision for Organic Spices
As a leader in Vietnam’s spice export industry, Prosi Thăng Long is committed to advancing organic cinnamon and star anise production. Key initiatives include:
- Supporting Farmers: Collaborating with local growers to transition to organic farming practices, providing technical training, and ensuring compliance with international organic standards.
- Investing in Certification: Achieving globally recognized organic certifications to boost the marketability of Vietnamese spices.
- Promoting Sustainability: Implementing eco-friendly practices across the supply chain to reinforce Vietnam’s reputation as a responsible and sustainable supplier.
The Road Ahead
The development of organic cinnamon and star anise represents a critical step in securing Vietnam’s position as a global leader in the spice market. By embracing this trend, the industry can not only meet evolving consumer preferences but also contribute to a more sustainable and resilient future for Vietnamese agriculture.
#ProsiThangLong#Prosi#GlobalTrade#VietnamSpices#VietnamNuts#Pepper#Cashew#Cinnamon#Coconut#StarAnise#VietnamExporter
——————————-
𝐏𝐫𝐨𝐬𝐢 𝐓𝐡𝐚𝐧𝐠 𝐋𝐨𝐧𝐠 – 𝐒𝐩𝐢𝐜𝐞𝐬 𝐚𝐧𝐝 𝐍𝐮𝐭𝐬 𝐕𝐢𝐞𝐭𝐧𝐚𝐦 𝐌𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐞𝐫 𝐚𝐧𝐝 𝐄𝐱𝐩𝐨𝐫𝐭𝐞𝐫
𝐀𝐝𝐝𝐫𝐞𝐬𝐬: 4th Floor, Kim Anh Building, No 78 Duy Tan, Cau Giay, Ha Noi
𝐄𝐦𝐚𝐢𝐥: Sales@prosi.com.vn
𝐎𝐟𝐟𝐢𝐜𝐞 𝐇𝐨𝐭𝐥𝐢𝐧𝐞: (+84) 9858 17797
𝐘𝐨𝐮𝐫 𝐭𝐫𝐮𝐬𝐭𝐞𝐝 𝐩𝐚𝐫𝐭𝐧𝐞𝐫 𝐢𝐧 𝐩𝐫𝐞𝐦𝐢𝐮𝐦 𝐬𝐩𝐢𝐜𝐞𝐬 𝐚𝐧𝐝 𝐧𝐮𝐭𝐬
Overview of the Vietnamese Cashew Industry
The year 2024 has been a landmark period for Vietnam’s cashew industry, showcasing impressive growth, international collaboration, and strategic advancements in global markets. With continued efforts to enhance quality and diversify export destinations, Vietnam has reinforced its position as the largest exporter of cashews in the world, accounting for over 80% of global market share.
Key Highlights of 2024
1. Exceptional Export Growth
Vietnam achieved remarkable export results, with total export turnover estimated at $3.6 billion, a 7% increase compared to 2023. From January to November, the country exported 711,500 tons of cashews, marking a 22.2% rise in volume and 30.7% growth in value year-over-year.
- USA: Remains the largest market with 147,000 tons exported, generating $866 million (20.6% of total export value).
- China: Secured the second position with imports valued at $616 million (15.06% of total exports).
- European Union and Others: Accounted for 64.33%, equivalent to 457,000 tons, valued at $2.75 billion.
2. Rising Cashew Kernel Prices
Early 2024
The domestic raw cashew price ranged from 28,000 to 32,000 VND/kg, showing a slight increase of 5% compared to the same period in 2023.
Reason: Limited supply caused by a decline in raw cashew production from major producers like India and Côte d’Ivoire.
Mid-2024
The international price of W320 cashew kernels reached $6,900 to $8,100/ton, a strong increase of 10% compared to early 2024.
In Vietnam, W320 cashew kernels were priced at around 130,000 to 135,000 VND/kg, marking the most significant growth in the past three years.
Late 2024
The price of raw cashews slightly decreased to 26,000 to 28,000 VND/kg, as raw cashew imports from Africa resumed.
W320 cashew kernel prices remained stable at high levels, around $7,000 to $7,200/ton, driven by strong demand from the U.S. and EU markets.
Reasons Behind Price Fluctuations
Limited Supply
- Vietnam’s raw cashew production in 2024 is estimated at 420,000 tons, a slight 2% increase from 2023, but insufficient to meet processing demands.
- Major raw cashew exporters like Côte d’Ivoire and Ghana reported lower production due to adverse weather conditions.
Increased International Demand
- Vietnam’s cashew exports to major markets, including the U.S., EU, and the Middle East, saw robust growth.
- Demand for high-quality kernels like W320 and W240 increased by more than 15% compared to the previous year.
Fluctuating Logistics Costs
- While international shipping costs decreased slightly compared to 2023, domestic logistics costs remained high, adding to product prices.
Focus on Value-Added Production
- Value-added products such as cashew milk, cashew butter, and roasted cashews gained significant attention in the international market, contributing to the increased kernel prices.
3. Domestic Cashew Production
Vietnam’s raw cashew production reached 420,000 tons, a modest 2% increase compared to 2023, supported by favorable weather and high-yield cashew varieties.
4. International Collaboration
Vietnam signed several cooperation agreements with key raw cashew suppliers such as Ivory Coast and Ghana, ensuring a stable supply chain and strengthening global value chains.
5. Sustainable Production Practices
In 2024, many Vietnamese cashew enterprises adopted international sustainability standards such as Rainforest Alliance and Fair Trade. These efforts focus on improving product quality, protecting the environment, and supporting local farming communities.
6. Logistics and Supply Chain Optimization
While volatile international shipping costs posed challenges, Vietnam made significant progress by expanding direct shipping routes to key markets such as the USA and the EU, reducing logistics pressure for exporters.
7. Expanding New Markets
Vietnam successfully penetrated emerging markets like Russia, South Korea, and the Middle East. Notably, exports to Russia rose by 15%, showcasing resilience despite geopolitical challenges.
8. Global Promotion Campaign
The Vietnam Cashew Association (VINACAS) launched a global branding campaign under the slogan: “Vietnam Cashew – Your Trusted Choice,” emphasizing the superior quality and leadership of Vietnamese cashew products in the global market.
Challenges in 2024
Despite its achievements, the Vietnamese cashew industry faced several challenges:
- Reliance on Raw Cashew Imports: Domestic production remains insufficient to meet processing demands, leading to dependency on imports from Cambodia and African countries.
- Fluctuating Logistics Costs: High shipping costs continued to impact profit margins.
- Competitive Markets: Intense competition from other cashew-exporting countries requires Vietnam to innovate and sustain its global edge.
Prosi Thăng Long’s Role in 2024
Prosi Thăng Long contributed significantly to this success, exporting 8,238 tons of cashews, representing 1.08% of the national market share. By delivering high-quality products and adhering to sustainable practices, Prosi Thăng Long has reinforced Vietnam’s standing as the premier source for cashews globally.
Conclusion and Outlook
2024 has been a transformative year for Vietnam’s cashew industry, with growth driven by strategic market expansion, sustainable practices, and international collaboration. Looking ahead, the focus on enhancing production efficiency, diversifying markets, and promoting sustainability will ensure Vietnam maintains its leadership in the global cashew market.
Prosi Thăng Long remains committed to supporting this vision, delivering premium products, and driving the industry’s continued success.
For more information about our products and services, please contact our sales team or visit our product catalog section.
#ProsiThangLong #Prosi #GlobalTrade #VietnamSpices #VietnamNuts #Pepper #Cashew #Cinnamon #Coconut #StarAnise #VietnamExporter
——————————-
𝐏𝐫𝐨𝐬𝐢 𝐓𝐡𝐚𝐧𝐠 𝐋𝐨𝐧𝐠 – 𝐒𝐩𝐢𝐜𝐞𝐬 𝐚𝐧𝐝 𝐍𝐮𝐭𝐬 𝐕𝐢𝐞𝐭𝐧𝐚𝐦 𝐌𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐞𝐫 𝐚𝐧𝐝 𝐄𝐱𝐩𝐨𝐫𝐭𝐞𝐫
𝐀𝐝𝐝𝐫𝐞𝐬𝐬: 4th Floor, Kim Anh Building, No 78 Duy Tan, Cau Giay, Ha Noi
𝐄𝐦𝐚𝐢𝐥: Sales@prosi.com.vn
𝐎𝐟𝐟𝐢𝐜𝐞 𝐇𝐨𝐭𝐥𝐢𝐧𝐞: (+84) 9858 17797
𝐘𝐨𝐮𝐫 𝐭𝐫𝐮𝐬𝐭𝐞𝐝 𝐩𝐚𝐫𝐭𝐧𝐞𝐫 𝐢𝐧 𝐩𝐫𝐞𝐦𝐢𝐮𝐦 𝐬𝐩𝐢𝐜𝐞𝐬 𝐚𝐧𝐝 𝐧𝐮𝐭𝐬
Vietnam Pepper Market Overview 2024: A Year of Growth and Transformation
Record-Breaking Performance Despite Challenges
The Vietnamese pepper industry demonstrated remarkable resilience in 2024, achieving substantial revenue growth despite volume challenges. With total exports reaching 250,600 tons and generating $1.318 billion USD, the sector showcased its ability to adapt to changing market dynamics and capitalize on favorable price conditions.
Strong Export Performance
Vietnam’s pepper exports in 2024 tell a compelling story of value over volume. While export volume saw a modest 5.1% decrease, revenue surged by an impressive 45.4% year-over-year. This success was driven by significant price increases across both black and white pepper varieties:
- Black pepper exports totaled 220,269 tons, valued at $1.117 billion USD, with average prices reaching $5,154/ton—a 49.7% increase from 2023
- White pepper exports reached 30,331 tons, generating $200.6 million USD, with prices averaging $6,884/ton—up 38.9% from the previous year
Market Leadership and Innovation
In the competitive landscape of pepper exports, several companies demonstrated exceptional performance. Olam Vietnam maintained its position as the market leader, handling 27,800 tons and capturing 11.1% market share with remarkable growth of 36.9% year-over-year.
Notable achievements were also recorded by other major players:
- Phúc Sinh processed 22,293 tons, achieving 41.1% growth
- Nedspice Vietnam handled 20,420 tons, showing steady growth of 6.4%
- Haprosimex JSC managed 17,899 tons, displaying impressive growth of 63.8%
Global Market Dynamics
The United States reinforced its position as Vietnam’s premier pepper market, importing a record-breaking 72,311 tons—representing 28.9% of total exports and marking a 33.2% increase from 2023. This achievement surpassed the previous record set in 2021 of 59,778 tons.
Other significant markets showed strong growth:
- UAE imports increased by 35.1% to 16,391 tons
- German market grew by 58.2% to 14,580 tons
- Netherlands showed robust growth of 35.2% to 10,745 tons
Price Trends and Market Conditions
The domestic market experienced significant price movements throughout 2024:
- Early 2024 saw prices climb to 92,500–95,000 VND/kg
- A peak was reached in September at 153,000–154,000 VND/kg
- The market stabilized by November at 140,000–141,000 VND/kg
Commitment to Sustainability
The industry has shown increasing commitment to sustainable practices, responding to global market demands for environmentally responsible production. This shift encompasses:
- Implementation of advanced food safety standards
- Adoption of eco-friendly farming methods
- Focus on product quality enhancement
Looking Forward
As we move forward, the Vietnamese pepper industry continues to demonstrate its ability to adapt and thrive in a changing global marketplace. The sector’s focus on quality, sustainability, and market responsiveness positions it well for continued success.
About Prosi Thăng Long
As a key player in the Vietnamese pepper industry, Prosi Thăng Long continues to maintain its position as a reliable supplier of high-quality pepper products. In 2024, the company exported 5,726 tons of pepper, demonstrating its commitment to meeting international market demands while maintaining stringent quality standards.
For more information about our products and services, please contact our sales team or visit our product catalog section.
#ProsiThangLong#Prosi#GlobalTrade#VietnamSpices#VietnamNuts#Pepper#Cashew#Cinnamon#Coconut#StarAnise#VietnamExporter
——————————-
𝐏𝐫𝐨𝐬𝐢 𝐓𝐡𝐚𝐧𝐠 𝐋𝐨𝐧𝐠 – 𝐒𝐩𝐢𝐜𝐞𝐬 𝐚𝐧𝐝 𝐍𝐮𝐭𝐬 𝐕𝐢𝐞𝐭𝐧𝐚𝐦 𝐌𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐞𝐫 𝐚𝐧𝐝 𝐄𝐱𝐩𝐨𝐫𝐭𝐞𝐫
𝐀𝐝𝐝𝐫𝐞𝐬𝐬: 4th Floor, Kim Anh Building, No 78 Duy Tan, Cau Giay, Ha Noi
𝐄𝐦𝐚𝐢𝐥: Sales@prosi.com.vn
𝐎𝐟𝐟𝐢𝐜𝐞 𝐇𝐨𝐭𝐥𝐢𝐧𝐞: (+84) 9858 17797
𝐘𝐨𝐮𝐫 𝐭𝐫𝐮𝐬𝐭𝐞𝐝 𝐩𝐚𝐫𝐭𝐧𝐞𝐫 𝐢𝐧 𝐩𝐫𝐞𝐦𝐢𝐮𝐦 𝐬𝐩𝐢𝐜𝐞𝐬 𝐚𝐧𝐝 𝐧𝐮𝐭𝐬
Vietnam’s Cashew Industry: A Remarkable Growth Story in 2024
The Vietnamese cashew industry has demonstrated remarkable resilience and growth throughout 2024, strengthening its position as a global leader through strategic international partnerships and dynamic export performance. Here’s a comprehensive overview of the industry’s achievements and key developments.
Major Cashew Suppliers to Vietnam
Vietnam’s total cashew nut imports reached an impressive 2,385,252.67 tons, valued at $2.96 billion. Cambodia emerged as the leading supplier, contributing 782,000 tons of raw cashews worth approximately $1.1 billion. The Ivory Coast secured the second position with over 597,000 tons, valued at more than $720 million. Other markets collectively supplied more than 1,000,000 tons, reaching a value of $1.2 billion.
Outstanding Export Growth
By November 2024, Vietnam’s cashew exports had reached 711,500 tons, marking a significant year-over-year increase of 22.2% in volume and 30.7% in export value compared to 2023. The total export value reached an impressive $4.24 billion, highlighting Vietnam’s competitive advantage in the global market.
Major Export Markets
Vietnam’s cashew exports have found strong demand across several key markets:
- United States: Leading the export destinations with 147,000 tons valued at $866 million, representing 20.6% of total exports
- China: Following closely with 107,000 tons worth $616 million, accounting for 15.06% of exports
- EU and Other Markets: Dominating with a 64.33% share, totaling 457,000 tons and generating $2.75 billion in value
Industry Leaders
Vietnam’s cashew export sector is led by several prominent companies, including Olam, Long Son, Hoang Son, Thao Nguyen, Intersnack Cashew Vietnam, and Loc Viet Cuong. Notably, Prosi maintains its strong position among Vietnam’s top 10 cashew exporters.
Industry Dynamics
Despite its global leadership, Vietnam’s domestic cashew production cannot fully meet its processing demands. The country heavily relies on imports from Cambodia, Ivory Coast, Ghana, and other African nations to sustain its cashew processing industry.
Key Takeaways
The Vietnamese cashew industry continues to demonstrate robust growth despite domestic production challenges. Strategic import operations and strong export performance have reinforced Vietnam’s global leadership in the cashew market. The impressive growth in both volume and value underscores Vietnam’s significant contribution to the global supply chain.
Published by Prosi Thang Long – Your Trusted Partner in Global Cashew Trade
Happy Birthday to Our Esteemed Chairman, Mr. Hùng!
Today, Prosi Thăng Long celebrates a very special occasion – the birthday of our visionary leader, Mr. Hùng, the Chairman of the company.
As the driving force behind Prosi Thăng Long’s remarkable journey, Mr. Hùng has led with unwavering dedication, insightful leadership, and an inspiring vision. His commitment to excellence has propelled Prosi Thăng Long to become a leading name in Vietnam’s spice and agricultural export industry, recognized worldwide for quality and reliability.
On this special day, we extend our heartfelt gratitude for his guidance, passion, and tireless efforts in building a company that not only thrives in the global market but also upholds values of trust, innovation, and sustainability.
Mr. Hùng’s leadership continues to inspire all of us at Prosi Thăng Long to aim higher, think bigger, and work harder. As a team, we are proud to stand behind a leader whose ambition and integrity set the gold standard for excellence.
From all of us at Prosi Thăng Long:
Happy Birthday, Mr. Hùng! 🎉
May this year bring you abundant health, happiness, and success as you continue to lead Prosi Thăng Long towards even greater achievements.
Here’s to celebrating not only a remarkable leader but also a kind mentor, motivator, and visionary.
With warmest wishes,
The Prosi Thăng Long Team
