Forecast: Import of Black Printing Ink to Viet Nam

The import of black printing ink to Vietnam has shown notable fluctuations over the past decade, with peaks and troughs indicating variable market dynamics. In 2023, the import value stood at 74.152 million US dollars. The period between 2013 and 2017 exhibited a significant upward trend, with 2017 marking an exceptional year-on-year increase of 53.44%. Despite a minor setback in 2018 with a decline of 4.36%, the market rebounded in the subsequent years. The analyzed period from 2019 to 2023 showed varied growth rates, culminating in a CAGR of 5.3% for the last five years.

Looking ahead, the forecasts suggest a steady increase in import values, with an anticipated CAGR of 3.24% from 2024 to 2028. The projected value for 2028 is expected to reach 90.877 million US dollars, reflecting a 17.31% growth rate over the forecast period.

Future trends to watch for include potential shifts in demand due to technological advancements in printing, changes in trade policies, and fluctuations in global ink prices. Additionally, the impact of environmental regulations and the rise of digital media could alter the dynamics of the printing ink market significantly.