The forecast for green coffee production in Vietnam indicates a consistent upward trend from 2023 to 2028. In 2023, the production stood at 31.2 million units (bags of 60 kg). For 2024, the forecasted production is 31.76 million units, representing a year-on-year increase of 1.8%. This upward trend continues with a 1.76% increase in 2025, 1.73% in 2026, 1.67% in 2027, and 1.65% in 2028. This indicates an average annual growth rate (CAGR) of approximately 1.72% over the five-year period.
Future trends to watch for:
- Climate change impacts on coffee cultivation
- Technological advancements in agriculture enhancing productivity
- Fluctuations in global coffee demand impacting Vietnam's exports
- Government policies and incentives for sustainable coffee farming
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