In 2023, the import of mixtures of natural and synthetic rubbers to Vietnam stood at $8.7533 million USD. The forecasted data for subsequent years show a consistent upward trend: $8.9251 million USD in 2024, $9.0509 million USD in 2025, $9.1742 million USD in 2026, $9.2951 million USD in 2027, and $9.4135 million USD in 2028.
Year-on-year variations are as follows:
- 2024 shows an increase of 1.97% compared to 2023.
- 2025 shows a rise of 1.41% over 2024.
- 2026 indicates a growth of 1.36% from 2025.
- 2027 witnesses an increase of 1.32% relative to 2026.
- 2028 reveals an increment of 1.27% over 2027.
Over the last two years (2024-2025), the average annual variation was around 1.69%. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is approximately 1.47%.
Future trends to watch for include global market shifts in rubber production, changes in trade policies, technological advancements in rubber manufacturing, and evolving demand in the automotive and manufacturing sectors, which are primary consumers of rubber imports. Monitoring these factors will be crucial for accurate forecasting and market positioning.
