Vietnam's green coffee production has shown consistent growth from 2013 to 2023. In 2023, the country produced 1.854 Million Metric Tons of green coffee, reflecting a year-on-year increase of 2.42% from 2022. This marked a notable improvement from 2019 when there was a contraction in production. Over the last two years, the annual growth rate averaged around 2.42%, while the CAGR over the last 5 years was 2.78%, indicating steady growth.
Looking forward, the forecast data from 2024 to 2028 suggest a continuation of this positive trend, though with a slightly slower pace. The projected CAGR over the next five years stands at 1.83%, with a total expected growth rate of 9.49% by 2028. This reflects a moderately optimistic outlook for Vietnam's green coffee production, anticipating steady yet manageable growth.
Future trends to watch for:
- Impact of climate change and weather variability on coffee yields.
- Technological advancements and innovations in coffee farming techniques.
- Changes in global coffee market demand and international trade policies.
- Efforts in sustainability and environmentally friendly practices within the coffee industry.
- Potential shifts in consumer preferences towards specialty and high-quality coffee types.
