The import volume of infant food in Vietnam showed significant variability over the past decade. From 2014 to 2017, the values fluctuated but witnessed a notable surge in 2017. Subsequent years experienced a more stable yet incremental trend, with 2023 recording a value of 24.0 thousand metric tons, reflecting a CAGR of 5.92% from 2014. Year-on-year variations indicate considerable shifts, such as the 117.65% rise in 2017 and the 51.35% decrease in 2018. Recent years have shown modest growth with slight fluctuations.
Future trends to watch for:
- The forecasted data suggest a continued steady increase in the import volume, with an average annual growth rate of approximately 1.15% for the next five years.
- Factors such as demographic changes, economic conditions, and policy shifts can further influence these trends in the infant food market.
