Key Market Indicators
Vietnam's plastic export is projected to rise significantly in the coming years. By 2028, the nation's plastic export value is expected to hit approximately $5 billion, up from around $4.2 billion in 2023. This growth represents a compound annual growth rate (CAGR) of 2.7%. Since 2005, the supply of Vietnamese plastic has seen a year-on-year increase of 4.3%. On the import front, Vietnam's plastic import is also on an upward trajectory. By 2028, the import value is anticipated to reach roughly $20 billion, climbing from about $16.8 billion in 2023. This translates to an average annual growth rate of 2.8%. Vietnamese demand for plastic has experienced a consistent year-on-year increase of 4.5% since 2005. These trends highlight Vietnam's expanding footprint in the global plastic market, both as a significant exporter and importer.
