Historical data indicates a mixed trend in the demand for oranges and mandarins in Vietnam from 2014 to 2023. Starting from 0.808 million metric tons in 2014, the demand dropped to 0.742 million metric tons in 2015, a year-on-year decrease of 8.17%. The following years saw fluctuations with significant increases in 2016 and 2018, where demand reached 0.816 and 1.08 million metric tons respectively. Recent years show a relatively stable growth trend, with the demand in 2023 standing at 1.08 million metric tons, representing a year-on-year growth of 1.78%. The five-year CAGR leading up to 2023 is 2.83%.
Looking at forecasted data from 2024 to 2028, the demand growth is expected to continue at a consistent pace. By 2028, the projected demand is 1.17 million metric tons, supported by a forecasted five-year CAGR of 1.21% and a total growth rate of 6.18%.
Future trends to watch for include the impact of climate change on agricultural yields, shifts in consumer preferences towards healthier diets, and the effect of trade policies on import and export dynamics in the region.
