Based on the forecasted data, maize production at farm gate in Vietnam is expected to grow steadily over the period from 2024 to 2028. The values for 2024 through 2028 rise from 1.35 billion euros to 1.52 billion euros. The year-on-year variations show consistent growth: 2.96% from 2024 to 2025, 3.60% from 2025 to 2026, 2.78% from 2026 to 2027, and 2.70% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over this five-year forecast period is approximately 2.98%.
Looking forward, several trends could influence future production:
• Technological advancements in agriculture may drive further increases in productivity.
• Climate change and extreme weather could impact production volumes.
• Government policies and subsidies might play a significant role in supporting or hindering growth.
• Global market demands and trade policies, particularly with major importers of Vietnamese maize, should be closely monitored.
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