The import volume of air or gas compressors, hoods to Vietnam has shown fluctuating trends over the years, hitting a high in 2015, then decreasing significantly in 2016, followed by modest recovery and stability. As of 2023, the import volume stood at 6.4424 million kilograms, marking a 1.23% year-on-year increase. Over the last five years, the Compound Annual Growth Rate (CAGR) has been 1.32%, reflecting a slightly positive average annual growth rate despite fluctuations.
Looking forward, forecasts indicate steady growth from 2024 onwards, with the import volume reaching approximately 6.8519 million kilograms by 2028. The projected five-year CAGR is 0.97%, implying a moderate but consistent increase in imports.
Future trends to watch for include advancements in compressor technology, possible shifts in supply chain dynamics, changes in trade policies, and economic conditions within Vietnam that could impact the demand for imported compressors.
