The import of corrugated paper and paperboard to Vietnam has shown significant variation over the past decade. In 2023, the volume stood at 3,510.4 thousand kilograms. There has been a consistent increase from 2013 to 2017, with a notable surge of 122.13% in 2017. However, fluctuations were observed between 2018 and 2023, including a significant drop in 2018 but continuing to rise overall with an annual growth peak of 27.17% in 2021.
In analyzing the most recent trends:
- From 2022 to 2023, there was a year-on-year increase of 4.81%.
- The Compound Annual Growth Rate (CAGR) over the past five years was 5.61%.
Looking forward from 2024, forecasts predict a continued upward trajectory with a five-year CAGR of 3.37%, leading to an expected 18.01% overall growth by 2028.
Future trends to watch for include global economic fluctuations affecting trade, potential increases in local production capacity reducing import dependency, and evolving demand for corrugated packaging driven by e-commerce and industrial sectors.
