The forecasted soybean imports for Vietnam from 2024 to 2028 show a steady increase from 2.72 million metric tons in 2024 to 3.18 million metric tons in 2028. This consistent rise translates into year-on-year variations of approximately 4.41% from 2024 to 2025, 3.87% from 2025 to 2026, 4.07% from 2026 to 2027, and 3.58% from 2027 to 2028. In 2023, the soybean imports stood at 2.61 million metric tons, positioning the CAGR for the 2024-2028 period at around 4.01%.
Future trends to watch include possible changes in global soybean supply due to climate conditions, trade policies, and demand from other regions. Monitoring Vietnam's domestic agricultural productivity and innovations in sustainable farming may also impact future soybean import needs.
