In 2023, Vietnam's import of apple juice stood at 4.5595 million kilograms. Over the last two years, the year-on-year variation for 2022 was 4.92%, while for 2023, it was 4.6%. The Compound Annual Growth Rate (CAGR) for the past five years leading up to 2023 was 5.34%.
Observing the data from 2013 to 2023, there is a marked increase in the import of apple juice indicating a steady upward trend. Specifically, significant growth was noted between 2016 and 2020. Although the rate of increase has slowed in recent years, the figures still show positive growth.
Future trends to watch for:
- The forecasted 5-year CAGR from 2024 to 2028 is 2.99%, suggesting a moderate but consistent increase in imports.- Factors influencing future trends include market demand, pricing fluctuations, and potential changes in trade agreements and tariffs.
