The trajectory of oilseeds feed in Vietnam over the past decade has shown significant fluctuations. The highest value was recorded in 2014 at 764.0 thousand metric tons, followed by a sharp dip in 2015. Despite a brief recovery period in 2016 and 2017, the overall trend from 2018 to 2023 has been a consistent decline. In 2023, the consumption stood at 569.0 thousand metric tons, reflecting a year-on-year decrease of 1.56% and an average annual decline (CAGR) of 1.7% over the last five years.
Looking ahead, the forecasted data indicates a continued gradual decline with an expected value of 523.0 thousand metric tons by 2028. The forecasted average annual decline (CAGR) for the next five years is 1.32%, which translates to a cumulative decrease of 6.44% over the period.
Future trends to watch for include potential shifts in domestic agricultural policies, changes in global oilseed prices, and evolving feed technology that could impact demand. Additionally, the sustainability and efficiency measures in the livestock industry may influence future consumption patterns of oilseeds feed.
