In 2023, the import value of plants used for perfumery or pharmacy to Vietnam stood at $35.92 million. The forecasted data for the following years indicate a steady yearly increase. From 2024 to 2025, the import value is expected to grow by 2.9%, followed by another 2.7% increase from 2025 to 2026. Subsequently, the growth rates are projected at 2.6% for 2026 to 2027 and 2.5% for 2027 to 2028. Over the 5-year forecast period from 2024 to 2028, the compound annual growth rate (CAGR) for these imports is approximately 2.68%.
Future trends to watch for include potential shifts in global plant supply chains due to climate change, changes in trade policies, and evolving consumer preferences for natural and organic products. Monitoring these factors could provide valuable insights into the import dynamics of plants used for perfumery or pharmacy in Vietnam.
