The import volume of induction or dielectric industrial heating equipment to Vietnam has shown significant fluctuations over the past decade, with a notable increase from 47.0 thousand kilograms in 2013 to 169.1 thousand kilograms in 2023. Each significant year-on-year variation reflects notable market trends: a sharp increase of 76.66% in 2016, a mild decline of 4.6% in 2017, a moderate upward trend of 4.22% in 2018, and another increase of 25.91% in 2021. The CAGR over the last five years ending in 2023 stood at 4.53%, indicating steady growth in the import volume.

Looking forward to the forecasted period from 2024 to 2028, the import volume is expected to continue its upward trajectory, reaching 202.83 thousand kilograms by 2028. This forecast period reflects a five-year CAGR of 2.86% with a total forecasted 5-year growth rate of 15.12%.

Future trends to watch for include:

Technological advancements and the adoption of new industrial heating technologies which might affect the import volumes.
Economic policies or trade agreements could either bolster or hinder the import growth rates.
Changing domestic industrial demands and capacity improvements within Vietnam could also impact future import volumes.