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[VI] AGRICULTURAL PRODUCTS INDUSTRY REPORT 2023 & 2024 OUTLOOK

SUMMARY

 

The world rice market has had many fluctuations since the beginning of Q3 due to India's rice export restriction order. Meanwhile, import demand and food reserves of countries are increasing, typically the Philippines, Indonesia, China...

Particularly in Vietnam, Vietnamese rice exports reached records in both quantity and export price. The results were achieved by benefiting from the world supply and demand situation.

 

Vietnam's cashew industry continues to maintain the world's number one position in cashew export, accounting for 80% of total global output for 16 consecutive years. Export output increased sharply and increased sharply in many large/small markets. Specifically, in 2023, Vietnam will export 644 thousand tons, an increase of 24% in volume and an increase of 18.1% in value over the same period.

 

Outlook: Vietnam's rice exports are forecast to continue to be positive in 2024 with many favorable factors. Accordingly, the Ministry of Agriculture and Rural Development estimates that rice exports in 2024 will reach 5.3 billion USD, an increase of nearly 13% over the same period. Cashew exports in 2024 are still quite positive. The cashew industry targets cashew kernel export turnover in 2024 to reach 3.7 billion USD; Domestic cashew output reached 372 thousand tons. The global cashew market is forecast to grow by an average of 4.6% in the period 2022-2027.

 

TABLE OF CONTENTS

 

A. VIETNAM RICE INDUSTRY OVERVIEW

World rice industry news

Rice price movements

  • World rice price movements
  • Domestic rice price movements

Export situation

  • Export situation 2019 – 2023 & by quarter

  • Export market structure Q4/2023 and 2023

  • Evolution of each export market 2019 – 2023 & by quarter 

Top rice exporters 

 

B. VIETNAM CASHEW INDUSTRY OVERVIEW

Export situation

  • Export situation 2019 – 2023 & by quarter

  • Export market structure Q4/2023 and 2023

  • Evolution of each export market 2019 – 2023 & by quarter

Import situation

  • Import situation 2019 – 2023 & by quarter

  • Import market structure Q4/2023 and 2023

  • Evolution of each import market 2019 – 2023 & by quarter

Top cashew exporters 

Cashew import demand in some markets and the market share of Vietnam

[VI] AGRICULTURAL PRODUCTS INDUSTRY REPORT 2023 & 2024 OUTLOOK

$99.00Price
  • Number of pages:           40 pages

    Format:                             PDF

    Data series:                       Last 13 months

    Release date:                    Jan 20, 2024

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