The demand for nuts in Vietnam has shown a significant upward trend from 2014 to 2023, growing from 0.614 million metric tons to 2.86 million metric tons. Year-on-year growth rates fluctuated, with notable spikes in 2015 (68.89%) and 2017 (83.19%). More recent years have seen more moderate growth, with 2023 showing a 4.69% increase. The compound annual growth rate (CAGR) over the last five years stands at 4.51%.
Looking ahead, the forecasted data from 2024 to 2028 indicates a consistent upward trend, with a projected CAGR of 3.02% for the next five years, reflecting a total growth of 16.06% by 2028.
Future trends to watch for include consumer preferences shifts towards healthier snacks, the impact of economic changes on disposable income, and the influence of global supply chain dynamics.
