Forecast: Import of Flexographic Printing Machinery to Viet Nam

The import of flexographic printing machinery to Vietnam experienced some fluctuations from 2013 to 2020, showing significant peaks and troughs. There was substantial growth in 2016 (150.13%) and 2015 (225.11%), with significant declines in 2014 (-63.37%) and 2017 (-43.29%). Since 2018, a steadier growth trend has emerged. By 2023, it reached 1,587.9 thousand kilograms with a more moderate growth rate of 4.59% year-on-year.

The forecast for the years between 2024 and 2028 shows a continued steady increase, with predictions suggesting the import volume will reach 1,951.9 thousand kilograms by 2028. This period expects an average annual growth rate (CAGR) of 3.24%, indicating a stable but slower increase than in previous more volatile years.

Future trends to watch for include the adoption of advanced printing technologies, potential policy changes affecting imports, and economic factors that could influence market demand. The sector's move towards digital and eco-friendly printing solutions may also impact the nature and volume of machinery imported.