The export volume of distilled alcoholic beverages in Vietnam has seen significant fluctuations over the past decade, starting at 18.0 thousand metric tons in 2014, peaking similarly in multiple years, but dropping sharply to 5.0 thousand metric tons in 2017. The year 2023 registered a stable 14.0 thousand metric tons, matching the previous three years, marking no change year-on-year. The five-year CAGR for 2023 was -4.9%, indicating an average annual decline. The five-year historical trend shows a general decline.
Looking ahead, the forecast data from 2024 to 2028 suggests a continuing downward trend, with a forecasted five-year CAGR of -1.1%, culminating in an export volume of 13.0 thousand metric tons by 2028. This represents a cumulative decline of approximately 5.39% over the forecast period.
**Future trends to watch for:**
- Changes in global demand for distilled alcoholic beverages that could impact Vietnam's export volumes.
- Trade policies and tariffs that might affect export competitiveness.
- Developments in local production capacity and quality improvements.
- Impact of international marketing and branding efforts on Vietnam's export markets.
- Fluctuations caused by global economic conditions and health trends influencing alcohol consumption.