Cashew is mainly planted in India, Ivory Coast, Brazil and Vietnam. The raw cashew production volume has continuously increased with CARG rate of 3% during 2009/2010-2016/2017 season. Global cashew kernels production output in the 2017/2018 season has consecutively grown and estimated to reach xxx thousand tons, up 0.6% compared to the last season. Demand for cashew kernels in 2017 was xxx thousand tons, valued USD x.x billion, a slight increase compared to 496 thousand tons of 2016.
Vietnam cashew is currently the world’s largest exporter of cashew kernels, with exports accounting for 56% of global production in 2016. Production quantity of cashew in the Q1/2018 was estimated to be xxx thousand tons. The area of cashew growing in Vietnam is tending to decrease continuously. In 2017, the area of cashew is growing xx.x thousand hectares.
Although Vietnam is the greatest exporter of cashew, this industry in Vietnam still faces challenges, while domestic output only meet one-third of the demand of export processing enterprises. Consumption of cashew kernels in the country accounts for 10%, while 90% of output is exported. Vietnam raw cashew exports continue to be the leading position when it accounts for 50% of processed raw cashew and over 60% of cashew kernels exported worldwide. In Q1/2018, the processing enterprises exported about xx.x thousand tons of cashew kernels, the export turnover reached xxx.x million tons.
In 2016, most of the enterprises had positive growth in net revenue and the average growth reached 13.9%. There are still opportunities for the prospects of the cashew industry in Vietnam to grow in the next few years. In 2016, most of the enterprises have the positive growth of net revenue and the average growth reached 13.9%.
To know more, click on the link below:-
Ankur Gupta, Head Marketing & Communications