The non-food uses of sugar cane in Vietnam fluctuated significantly from 2014 to 2023. Starting with relatively low values in 2014 (59.0 thousand metric tons) and steadily decreasing until 2016, a sharp increase occurred in 2018, surging to 245.0 thousand metric tons, indicative of a major shift in utilization. This growth trend continued moderately in subsequent years with annual year-on-year increases except for some fluctuations, leading to a value of 252.0 thousand metric tons in 2023. The 2023 value stands out with a 5% increase from the previous year and a five-year CAGR of 0.57% from 2019 to 2023.
Projected values from 2024 to 2028 suggest continued growth in the non-food uses of sugar cane, with the CAGR expected to be around 3.33%, and total growth from 2023 anticipated at 17.8% by 2028. The forecasted value for 2024 is 264.0 thousand metric tons, continuing an upward trend annually.
Future trends to watch for include technological advancements in processing sugar cane for non-food uses, potential policy changes influencing crop usage, and the effects of global demand fluctuations on Vietnam's sugar cane industry. Monitoring these factors will be crucial for accurately forecasting and strategizing around the non-food uses of sugar cane in the coming years.
