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
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
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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
Prosi Thăng Long Spices Up THAIFEX Anuga Asia 2024 with Flavorful Success
Prosi Thăng Long Spices Up THAIFEX Anuga Asia 2024 with Flavorful Success
