Vietnam Cashew Comprehensive Report Q1/2020
VIETNAM CASHEW MARKET
Cashew is grown mainly in India, Ivory Coast, Brazil and Vietnam. The raw cashew production volume continued to increase with a CARG of 3% during the crop 2009/2010 – 2018/2019. In the 2018/2019 crop, India was the world’s largest raw cashew producer, accounting for 22.32% of the world raw cashew production.
Vietnam is currently the largest exporter of cashew nuts in the world with the export volume accounting for 55% of the global production in 2018. Despite being the world’s largest cashew exporter, Vietnam Cashew industry is still facing many challenges, the domestic production only meets about one-third of the demand of export processing enterprises.
In the first 9 months of 2019, the processing enterprises exported about xx.xx thousand tons of cashew of all kinds, the export turnover reached xxx.x million USD. Vietnam cashew exports continued to hold the leading position in the world, accounting for 50% of the processed raw cashew volume and over 60% of the cashew nuts exported globally.
The prospect of Vietnam’s cashew industry still has many growth opportunities in the coming years due to the increasing demand for nuts and dried fruits to protect the health of consumers in the world. Many businesses are actively researching to bring to the market many traditional dishes and cakes that use raw materials as cashew kernels.
In 2018, most businesses in the industry had positive growth in net revenue and the average net revenue growth rate of the whole industry reached 0.57% due to the remarkable growth of cashew exports in 2018, the record cashew processing production as well as the stability of the market and the rise of export prices.
Cashew is grown mainly in India, Ivory Coast, Brazil and Vietnam. The raw cashew production volume continued to increase with a CARG of 3% during the crop 2009/2010 – 2018/2019. In the 2018/2019 crop, India was the world’s largest raw cashew producer, accounting for 22.32% of the world raw cashew production.
Vietnam is currently the largest exporter of cashew nuts in the world with the export volume accounting for 55% of the global production in 2018. Despite being the world’s largest cashew exporter, Vietnam Cashew industry is still facing many challenges, the domestic production only meets about one-third of the demand of export processing enterprises.
In the first 9 months of 2019, the processing enterprises exported about xx.xx thousand tons of cashew of all kinds, the export turnover reached xxx.x million USD. Vietnam cashew exports continued to hold the leading position in the world, accounting for 50% of the processed raw cashew volume and over 60% of the cashew nuts exported globally.
The prospect of Vietnam’s cashew industry still has many growth opportunities in the coming years due to the increasing demand for nuts and dried fruits to protect the health of consumers in the world. Many businesses are actively researching to bring to the market many traditional dishes and cakes that use raw materials as cashew kernels.
In 2018, most businesses in the industry had positive growth in net revenue and the average net revenue growth rate of the whole industry reached 0.57% due to the remarkable growth of cashew exports in 2018, the record cashew processing production as well as the stability of the market and the rise of export prices.
Abbreviations
Report Summary
1. BUSINESS ENVIRONMENT
1.1 Macroeconomic situation
1.2 Legal Framework
1.3 Impact of Trade Agreements
2. GLOBAL CASHEW INDUSTRY
2.1 Value Chain
2.2 Production
2.3 Consumption
2.4 Export – Import
2.5 Price
2.6 Situation in typical countries
3. VIETNAM MARKET
3.1 Definitions and Classification
3.2 Producing procedures and technology
3.3 Production
3.4 Consumption
3.5 Export – Import
3.6 Price
3.7 Payment method
4. INDUSTRY RISK
5. PLANNING AND FORECASTS
6. BUSINESS ANALYSIS
Appendix – Financial Statement
Report Summary
1. BUSINESS ENVIRONMENT
1.1 Macroeconomic situation
1.2 Legal Framework
1.3 Impact of Trade Agreements
2. GLOBAL CASHEW INDUSTRY
2.1 Value Chain
2.2 Production
2.3 Consumption
2.4 Export – Import
2.5 Price
2.6 Situation in typical countries
3. VIETNAM MARKET
3.1 Definitions and Classification
3.2 Producing procedures and technology
3.3 Production
3.4 Consumption
3.5 Export – Import
3.6 Price
3.7 Payment method
4. INDUSTRY RISK
5. PLANNING AND FORECASTS
6. BUSINESS ANALYSIS
Appendix – Financial Statement
LIST OF FIGURES
Figure 1: GDP growth rate by quarter, 2016 – 2019
Figure 2: Production value of agriculture, forestry and fishery in the first 6 months (at compared price to 2010), 2016 - 2019
Figure 3: CPI index, 1/2015 -12/2019
Figure 4: VND/USD exchange rate, 1/2013 - 9/2019
Figure 5: Export structure of major agricultural products of Vietnam, 2019
Figure 6: Global cashew plantation area, 2009/2010 - 2016/2017
Figure 7: Structure of cashew plantation by country, 2016/2017
Figure 8: Global raw cashew output, 2009/2010 - 2018/2019
Figure 9: Global cashew kernel output, 2006/2007 - 2018/2019
Figure 10: Structure of cashew kernel production by country, 2018/2019
Figure 11: Cashew kernel output of some countries, 2018/2019
Figure 12: Global output of nut types, 2018/2019
Figure 13: Production of cashew nuts compared to other nuts, 2006/2007 - 2018/2019
Figure 14: Global cashew kernel consumption, 2011 – 2018e
Figure 15: Structure of cashew kernel consumption by country, 2017e
Figure 16: Consumption per capita of some countries, 2011 - 2017
Figure 17: Consumption of dried nuts in the world, 2011 - 2017
Figure 18: Global export volume of cashew kernel, 2013 - 2018e
Figure 19: Global export value of cashew kernel, 2013 - 2018
Figure 20: Export value structure of cashew kernel by country, 2017e
Figure 21: Import value structure of cashew kernel by country, 2018
Figure 22: Analysis of retail prices of cashew nuts according to contribution rates
Figure 23: Cashew plantation area in India, 2009/2010 - 2017/2018e
Figure 24: Raw cashew ouput of India, 2009/2010 - 2018/2019e
Figure 25: Cashew plantation area in Cote d’ivoire, 2010 - 2017e
Figure 26: Raw cashew output of Cote d’ivoire, 2009/2010 - 2016/2017
Figure 27: Cashew plantation area in Brazil, 2009/2010 - 2016/2017
Figure 28: Raw cashew output of Brazil, 2009/2010 - 2017/2018e
Figure 29: Cashew plantation area and productivity of Vietnam, 2013 - 2019
Figure 30: Raw cashew output, 2013 - 2019
Figure 31: Structure of cashew plantation area by province, 2019e
Figure 32: Raw cashew production and import, 2013 - 2019
Figure 33: Cashew kernel consumption of Vietnam, 2013 – 2019e
Figure 34: Volume and value of exporting cashew kernel, 2013 - 2019
Figure 35: Cashew kernel export structure by type , 2019
Figure 36: Cashew kernel export market structure by volume, 2019
Figure 37: Cashew kernel exporters structure by market share, 2019
Figure 38: Types of transportation, 2019
Figure 39: Volume and value of raw cashew import, 2013 - 2019
Figure 40: Raw cashew import market structure by volume , 2019
Figure 41: Raw cashew price in Binh Phuoc and Dak Lak, 2019
Figure 42: Forecast of raw cashew output of Vietnam, 2013 – 2022f
Figure 43: Forecast of cashew kernel export volume of Vietnam, 2013 – 2022f
Figure 44: Net revenue, 2017 – 2018
Figure 45: Profit target, 2017 – 2018
Figure 46: Credit-worthiness, 2017 – 2018
Figure 47: Fixed asset turnover, 2018
Figure 48: Days’ sales in inventory, 2018
Figure 49: Administrative Expenses/Net Revenue, 2017 – 2018
Figure 50: Selling expenses / Net revenue, 2017 – 2018
Figure 51:Interest expenses and interest expenses / net revenue, 2017 – 2018
Figure 52: Liquidity, 2017 – 2018
Figure 53: Profit margin, 2017 – 2018
Figure 1: GDP growth rate by quarter, 2016 – 2019
Figure 2: Production value of agriculture, forestry and fishery in the first 6 months (at compared price to 2010), 2016 - 2019
Figure 3: CPI index, 1/2015 -12/2019
Figure 4: VND/USD exchange rate, 1/2013 - 9/2019
Figure 5: Export structure of major agricultural products of Vietnam, 2019
Figure 6: Global cashew plantation area, 2009/2010 - 2016/2017
Figure 7: Structure of cashew plantation by country, 2016/2017
Figure 8: Global raw cashew output, 2009/2010 - 2018/2019
Figure 9: Global cashew kernel output, 2006/2007 - 2018/2019
Figure 10: Structure of cashew kernel production by country, 2018/2019
Figure 11: Cashew kernel output of some countries, 2018/2019
Figure 12: Global output of nut types, 2018/2019
Figure 13: Production of cashew nuts compared to other nuts, 2006/2007 - 2018/2019
Figure 14: Global cashew kernel consumption, 2011 – 2018e
Figure 15: Structure of cashew kernel consumption by country, 2017e
Figure 16: Consumption per capita of some countries, 2011 - 2017
Figure 17: Consumption of dried nuts in the world, 2011 - 2017
Figure 18: Global export volume of cashew kernel, 2013 - 2018e
Figure 19: Global export value of cashew kernel, 2013 - 2018
Figure 20: Export value structure of cashew kernel by country, 2017e
Figure 21: Import value structure of cashew kernel by country, 2018
Figure 22: Analysis of retail prices of cashew nuts according to contribution rates
Figure 23: Cashew plantation area in India, 2009/2010 - 2017/2018e
Figure 24: Raw cashew ouput of India, 2009/2010 - 2018/2019e
Figure 25: Cashew plantation area in Cote d’ivoire, 2010 - 2017e
Figure 26: Raw cashew output of Cote d’ivoire, 2009/2010 - 2016/2017
Figure 27: Cashew plantation area in Brazil, 2009/2010 - 2016/2017
Figure 28: Raw cashew output of Brazil, 2009/2010 - 2017/2018e
Figure 29: Cashew plantation area and productivity of Vietnam, 2013 - 2019
Figure 30: Raw cashew output, 2013 - 2019
Figure 31: Structure of cashew plantation area by province, 2019e
Figure 32: Raw cashew production and import, 2013 - 2019
Figure 33: Cashew kernel consumption of Vietnam, 2013 – 2019e
Figure 34: Volume and value of exporting cashew kernel, 2013 - 2019
Figure 35: Cashew kernel export structure by type , 2019
Figure 36: Cashew kernel export market structure by volume, 2019
Figure 37: Cashew kernel exporters structure by market share, 2019
Figure 38: Types of transportation, 2019
Figure 39: Volume and value of raw cashew import, 2013 - 2019
Figure 40: Raw cashew import market structure by volume , 2019
Figure 41: Raw cashew price in Binh Phuoc and Dak Lak, 2019
Figure 42: Forecast of raw cashew output of Vietnam, 2013 – 2022f
Figure 43: Forecast of cashew kernel export volume of Vietnam, 2013 – 2022f
Figure 44: Net revenue, 2017 – 2018
Figure 45: Profit target, 2017 – 2018
Figure 46: Credit-worthiness, 2017 – 2018
Figure 47: Fixed asset turnover, 2018
Figure 48: Days’ sales in inventory, 2018
Figure 49: Administrative Expenses/Net Revenue, 2017 – 2018
Figure 50: Selling expenses / Net revenue, 2017 – 2018
Figure 51:Interest expenses and interest expenses / net revenue, 2017 – 2018
Figure 52: Liquidity, 2017 – 2018
Figure 53: Profit margin, 2017 – 2018
LIST OF TABLES
Table 1: Abbreviations used in cashew kernel’s level grade
Table 2: Table of quality hierarchies of cashew kernels
Table 3: Grading of Raw Cashew nuts
Table 4: Price of raw cashew in India, 2019 (Rs/kg)
Table 5: Flowering and harvesting time of cashew trees
Table 6: Use of cashew kernel
Table 7: Top cashew exporting and processing enterprises of Vietnam, 2018
Table 1: Abbreviations used in cashew kernel’s level grade
Table 2: Table of quality hierarchies of cashew kernels
Table 3: Grading of Raw Cashew nuts
Table 4: Price of raw cashew in India, 2019 (Rs/kg)
Table 5: Flowering and harvesting time of cashew trees
Table 6: Use of cashew kernel
Table 7: Top cashew exporting and processing enterprises of Vietnam, 2018
