In 2023, the groundnuts export volume from Vietnam stood at 10.0 thousand metric tons. The forecasted data indicate that the export volume will rise to 11.0 thousand metric tons in 2024, reflecting a 10% year-on-year increase. The volume is expected to stabilize at 12.0 thousand metric tons from 2025 onwards, showing a consistent growth trend. Analyzing the compound annual growth rate (CAGR) over the five-year period from 2023 to 2028, the average yearly increase is projected to be approximately 3.7%.
Future trends to watch for include:
- Potential impacts of climate change on crop yields.
- Trade policies and tariffs affecting export markets.
- Technological advancements in agriculture and processing.
- Shifts in global demand for groundnuts due to health trends and dietary changes.