The bauxite production in Vietnam has seen a significant upward trend from 2013 to 2023, reaching 5,000 thousand metric tons in 2023. Notably, the production experienced sharp increases in the early years, with the most substantial year-on-year rise in 2013 at 382%. However, the growth rate has tapered off recently. Variations in production over the last two years, from 2021 to 2023, show a slowdown with a 5.9% increase in 2023. The Compounded Annual Growth Rate (CAGR) over the last five years stands at 7.38%.
Looking ahead, forecast data indicates a consistent increase in production, reaching 6,450 thousand metric tons by 2028, translating to a 5-year forecast growth rate of 21.66% and a CAGR of around 4%. Future trends to monitor include the impacts of global bauxite demand, advancements in mining technology, and potential changes in Vietnamese mining regulations, which could further influence production levels.
