Vietnam's sugar crops production is forecasted to decrease from 17.09 million metric tons in 2024 to 16.58 million metric tons by 2028, reflecting a gradual downward trend. The value stood at 17.09 million metric tons in 2023. The year-on-year variation shows a decrease of 0.76% from 2024 to 2025, a 0.77% decrease from 2025 to 2026, a further 0.77% decrease from 2026 to 2027, and a 0.72% decrease from 2027 to 2028. The compound annual growth rate (CAGR) over the five-year period indicates a consistent average annual decline of approximately 0.75%.
Future trends to watch for include potential impacts from climate change, advancements in agricultural technology, and shifts in domestic and international demand. These factors could influence changes in crop yields and production volume, possibly altering the current forecasted downward trend.
