The import of unwrought aluminum to Vietnam experienced significant fluctuations between 2013 and 2023. Starting at 460.41 million USD in 2013, the imports saw a major increase in 2014 by 55.22%. There was an overall upward trend, marked by notable variations such as a dip of 13.12% in 2020 due to possible market disturbances. By 2023, the import value reached 1172.9 million USD, with a yearly increase of 3.87%. The Compound Annual Growth Rate (CAGR) over the last five years was 4.41%.
Forecasts suggest that the imports will continue to grow steadily, reaching 1401.1 million USD by 2028. The projected CAGR for the next five years indicates an average annual growth of 2.79%, which translates to an overall increase of 14.76% over the period.
Future Trends to Watch For:
- Potential impacts of international trade policies on aluminum imports.
- Advances in domestic production capabilities that might affect import volumes.
- Fluctuations in global aluminum prices and their influence on import costs.
- Emerging technologies and their role in the efficiency of aluminum usage and production.
