Forecast: Cocoa Powder and Cocoa Cake Exported to Vietnam by the US

Analysis of the data shows that the value of cocoa powder and cocoa cake exported to Vietnam from the US experienced significant fluctuations from 2013 to 2023. While 2020 saw a remarkable year-on-year increase of 542.86%, the values varied starkly over the years with several instances of sharp declines and recoveries. In 2023, exports stood at 27.0 thousand US dollars, slightly above the previous year's value by 3.85%. The average annual variation over the last five years (2019-2023) stands at a CAGR of 46.51% indicating strong albeit inconsistent growth.

Looking ahead, forecasted figures from 2024 to 2028 show a modest but steady growth rate, with an anticipated 5-year CAGR of 1.39% leading to a projected export value of 30.0 thousand US dollars by 2028, reflecting a cumulative growth rate of 7.14% over the forecast period.

Future trends to watch for include:

• Changes in demand for cocoa products in Vietnam's growing consumer market.
• Potential impacts of trade policies between the US and Vietnam.
• Global cocoa price fluctuations affecting export values.
• Investment in sustainable cocoa production impacting supply stability.