Vietnam has seen a significant rise in demand for cashew nuts, driven by an increase in disposable income and heightened health awareness among consumers. Cashew nuts are now recognized for their nutritional benefits, and with strategic marketing, they are becoming a popular choice for healthier snacking. Vietnamese food processors are incorporating cashews into various products to attract a broader customer base and adapt to evolving eating habits.
Key Market Trends
- Health Awareness and Demand Growth: Vietnamese consumers are increasingly opting for healthier snacks, with cashews being a favored choice. This change in perception is largely due to effective marketing campaigns by industry players.
- Product Innovation: The Vietnamese food processing industry is developing diverse cashew-based products, appealing to both new and traditional customers and capitalizing on the trend for healthier food options.
- Price Sensitivity: As a price-sensitive market, Vietnamese food companies are working to keep cashew products affordable. To manage rising production costs, some companies are absorbing part of these expenses, maintaining steady demand despite potentially lower profit margins.
Cashew Import Dynamics
Vietnam’s demand for cashew nuts exceeds its domestic production, making imports necessary to meet consumer needs. In 2022, Vietnam imported around 2 million tonnes of cashews, a slight decrease from 2021’s peak of 2.56 million tonnes but still a high volume. The imports comprise both raw in-shell cashews and shelled cashews.
Major Supplying Countries
Vietnam sources its imported cashews from a variety of countries. Key suppliers include:
- Cambodia: Dominates the market, with exports growing significantly from $68 million to $1 billion.
- West African Countries: Ivory Coast, Ghana, Nigeria, and Tanzania are significant contributors to Vietnam’s cashew imports.
- Indonesia: Also a prominent supplier.
Smaller volumes are imported from Senegal, Mozambique, and Togo.
Import Channels
- Air Freight: Tan Son Nhat International Airport handles air-freighted cashews, equipped with a modern cargo terminal.
- Sea Freight: Hai Phong Port is the main sea entry for cashews, featuring a modern container terminal for efficient handling.
Import Requirements
For cashew imports to clear Vietnamese customs, importers must present the following documents:
- Import Permit: Issued by the Ministry of Agriculture and Rural Development.
- Phytosanitary Certificate: Provided by the agricultural authority of the exporting country to certify the health and safety of the product.
- Bill of Lading or Airway Bill: Depending on the mode of transport.
- Commercial Invoice: Detailing the transaction value and other relevant information.
- Packing List: Listing the contents and packaging details.
- Certificate of Origin: Verifying the product’s origin.
Key Cashew Exporter to Vietnam – Freshela Exporters, Kenya
Company Overview:
Freshela Exporters, based in Kenya, specializes in sourcing, processing, and exporting both raw and shelled cashew nuts. Known for competitive pricing and timely delivery, Freshela Exporters serves global customers seeking quality cashew products.
Product Offerings:
- Raw Cashew Nuts: High-quality in-shell cashews.
- Shelled Cashews: Ready-to-use cashews suitable for direct consumption or further processing.
Why Choose Freshela Exporters:
- Competitive Pricing: Freshela offers market-competitive prices, making it an economical choice for international buyers.
- Reliable Delivery: The company is known for its dependable and timely delivery, which is crucial for maintaining supply chains.
Contact Information for Freshela Exporters:
- Location: Kenya (exact address as per customer request)
- Products: Cashew nuts (raw and shelled), other fresh produce
- Specialty: High-quality, competitively priced cashews tailored to meet the demands of the international market.