The import of unwrought silver to Viet Nam in 2023 stood at 9.784 million US dollars. The forecast from 2024 to 2028 shows a consistent year-on-year decrease. Specifically, the import value is expected to decline by approximately 1.5% each subsequent year. The compound annual growth rate (CAGR) indicates an average annual decrease of about 1.53% over the five-year period from 2024 to 2028.
Future trends to watch for include:
- Potential changes in global silver prices impacting import values
- Variations in local demand for industrial applications of silver
- The effect of trade policies and tariffs on the cost of imports
- Economic conditions influencing overall market demand and capacity for unwrought silver imports
