In 2023, Vietnam's milled rice domestic consumption stood at 21.25 Million Metric Tons. In 2024, it is forecasted to be 21.37 Million Metric Tons, showing a year-on-year increase of 0.56%. The consumption continues to rise, reaching 21.48 Million Metric Tons in 2025 (0.51% increase), 21.6 Million Metric Tons in 2026 (0.56% increase), 21.71 Million Metric Tons in 2027 (0.51% increase), and 21.82 Million Metric Tons in 2028 (0.51% increase). The forecasted Compound Annual Growth Rate (CAGR) for 2024-2028 is approximately 0.53% per year.
Future trends to watch for include potential changes in dietary habits, economic conditions impacting affordability and supply chains, government policies on agriculture, and climate change effects on rice production. Monitoring these variables will provide further insights into the stability and growth of rice consumption in Vietnam.
