Export data from Thailand to Vietnam for refined sugar shows significant fluctuations over the past decade. The volume stood at 319.51 thousand metric tons in 2023. Key variations noted include minor growth in 2022 (7.73%) and 2023 (7.11%) following a massive spike in 2020 (935.38%). Over the last five years, the compound annual growth rate (CAGR) averaged 24.53%, indicating strong upward movement. Projections suggest a steady increase in export volumes, with a forecasted CAGR of 4.4%, potentially reaching 422.39 thousand metric tons by 2028.
Future trends to monitor include potential changes in trade policies, shifts in Vietnam's domestic sugar production capacity, and global sugar market dynamics that may influence Thailand's export volumes to Vietnam.
