The production of watermelons in Vietnam is expected to increase steadily from 2024 to 2028. The forecasted data indicates a progressive growth from 1.4319 million metric tons in 2024 to 1.5913 million metric tons in 2028. If we consider the starting point in 2023, where production stood at 1.392 million metric tons, there is a clear upward trend.
Year-on-year variations percentage for the forecasted years are:
- 2025: an increase of 2.87%
- 2026: an increase of 2.72%
- 2027: an increase of 2.61%
- 2028: an increase of 2.48%
The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is approximately 2.68%, reflecting consistent growth in production.
Future trends to watch for include potential impacts of climate change on yield, advancements in agricultural technology, and shifts in domestic and international demand for watermelons. These factors could further influence the production trends and market dynamics in Vietnam. Evolving consumer preferences and trade policies should also be closely monitored.
