The import of polymers of ethylene to Viet Nam shows significant fluctuations over the years. From 2013 to 2023, the import volumes increased from 242.29 million kilograms in 2013 to 388.04 million kilograms in 2023. The year-on-year variations have been quite dynamic, with notable peaks in 2014 (+9.52%), 2017 (+15.95%), and 2021 (+19.28%), as well as a significant drop in 2020 (-13.27%). In the past five years (2019-2023), the CAGR was approximately 4.24%, indicating a steady growth trend, albeit with some volatility.
The forecasted data from 2024 to 2028 suggests a continued growth with a forecasted CAGR of 2.72%, culminating in 459.93 million kilograms by 2028, representing a total forecasted growth rate of 14.38%. This indicates a slower but still positive growth trend.
Future trends to watch for include potential market fluctuations influenced by global economic shifts, changes in production capacities, and evolving demand for polymers of ethylene driven by industrial and consumer needs. Monitoring trade policies and technological advancements in polymer production may also impact the import volumes significantly.