The import of silver powder to Vietnam has shown notable fluctuations over the years. Starting from a modest value in 2013, the figures experienced an overall uptrend with significant year-on-year variations. The most substantial increase occurred between 2016 and 2017, followed by a stabilization phase with slight decline and recovery seen in subsequent years. By 2023, the value stood at 4821.1 thousand US dollars, reflecting a 5.44% year-on-year growth from 2022. Over the past five years, the CAGR has been steady at 6.47%.
Future trends to watch for include:
- Technological advancements potentially increasing demand.
- Global economic conditions influencing silver prices and import volumes.
- Potential impacts of trade policies and tariffs on import dynamics.
