In 2023, the Wheat Feed and Residual in Vietnam stood at approximately 1.80 million metric tons. The forecasted data for 2024 through 2028 show a steady growth trajectory:
Year-on-Year Variations:
- From 2023 to 2024, the value is expected to increase by 1.1%.
- From 2024 to 2025, the growth is projected at 1.1%.
- From 2025 to 2026, the anticipated increment is 0.5%.
- From 2026 to 2027, it is expected to rise by 1.1%.
- From 2027 to 2028, the year-on-year growth is forecasted to be 1.1%.
Over the forecast period, the Compound Annual Growth Rate (CAGR) for Wheat Feed and Residual in Vietnam is approximately 1.0% per year, indicating a modest but consistent upward trend.
Future Trends to Watch For:
- Potential shifts in domestic agricultural policies, impacting local wheat production and imports.
- Changes in animal feed demand driven by the livestock and poultry sectors, influencing wheat utilization.
- Global market conditions and trade agreements affecting wheat import prices and supply chain dynamics.
