On-the-Ground Updates

Cashew Nut Exports from Vietnam Soar in 2023, With High Increases to Primary Markets

Cashew Nut Kernel
Saudi Arabia
Lai Nguyen Thi
Published Jan 4, 2024
Cashew nut exports from Vietnam to key markets such as Germany, the United Kingdom (UK), the United Arab Emirates (UAE), and Saudi Arabia have recorded high increases in 2023 compared to last year. Specifically, cashew exports to UAE and Saudi Arabia increased sharply, reaching 46.6% YoY and 40.1% YoY, respectively.

Cashew exports to the UAE market increased by 148.7% YoY. According to many experts, the global cashew market is forecasted to grow by an average of 4.6% from 2022 to 2027.

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