The forecasted import volumes for vegetable oils in Vietnam from 2024 to 2028 are as follows (in thousand metric tons):
- 2024: 903.62
- 2025: 910.79
- 2026: 917.82
- 2027: 924.71
- 2028: 931.45
Year-on-year variations:
- 2024-2025: 0.79%
- 2025-2026: 0.77%
- 2026-2027: 0.75%
- 2027-2028: 0.73%
Compound Annual Growth Rate (CAGR) from 2024-2028: 0.76%
Vietnam's import volume of vegetable oils shows a steady increasing trend, with a consistent CAGR of 0.76% over the forecasted period. Economic growth, changing dietary preferences, and urbanization are contributing factors. Future trends include potential impacts of trade policies, global market fluctuations, and shifts towards sustainable and healthier oil alternatives.
