The import value of oral and dental hygiene preparations to Vietnam has seen a variable yet overall upward trend from 2013 to 2023. In 2023, the import value stood at 33.081 million USD, reflecting a year-on-year increase of 3.8%. Over the last two years, from 2021 to 2023, the import value grew at a consistent pace, stabilizing around an average annual increase of approximately 4%. The 5-year compound annual growth rate (CAGR) leading up to 2023 was recorded at 4.33%, indicating a steady yet moderate growth in comparison to some previous years where more volatility was observed.
Looking ahead, the forecasted data from 2024 to 2028 suggests a continuation of this growth trend, albeit at a slower pace. By 2028, the import value is expected to reach approximately 39.415 million USD, with a forecasted 5-year CAGR of 2.75%, translating to a total growth rate of 14.54% over this period.
Future trends to watch for include the impact of increasing health awareness among the population, potential trade agreements, and the influence of global supply chain dynamics on import activities. Additionally, advancements in dental hygiene product offerings and consumer preferences in Vietnam will likely play a significant role in shaping the market. The resilience shown during difficult years suggests a robust demand structure that can weather short-term challenges while capitalizing on long-term growth opportunities.
