In 2023, the import of furniture parts to Vietnam was valued at 20.75 million US Dollars. The forecasted data for the period from 2024 to 2028 shows a consistent year-on-year increase. Specifically, the value is expected to rise from 21.125 million in 2024 to 22.61 million in 2028, indicating a steady upward trend. The variations over the last two years show growth rates of around 1.80% and 1.73%, respectively. The compounded annual growth rate (CAGR) over the next five years is approximately 1.75%, suggesting sustained, moderate growth in demand for imported furniture parts in Vietnam.
Future trends to watch for include potential disruptions in global supply chains, changes in trade policies, and shifts in consumer preferences towards local or eco-friendly furniture options. Additionally, economic factors such as inflation and exchange rates will play a crucial role in shaping the import dynamics for furniture parts.