Vietnam, the world's largest processor and exporter of cashew kernels, is facing increasing competition, particularly from African countries. Despite accounting for nearly 80% of global cashew kernel exports and consuming 65% of the world's raw cashew nuts, Vietnam's market share is decreasing. This is due to the shrinking domestic growing area and output, and the fact that African countries, which now account for 57% of global raw cashew production, are limiting the sale of raw cashew nuts to develop their own processing industries. Despite these challenges, Vietnam's cashew export turnover is expected to reach 3.6 billion USD in 2023, an increase of 18% compared to 2022, and aims for a new record of 3.8 billion USD in 2024.