In 2023, Vietnam's import of table or kitchen articles of copper stood at a certain value, and from 2024 onwards, a steady year-on-year increase is expected in volume. In 2024, it is forecasted to reach 51.97 thousand kilograms, growing to 60.09 thousand kilograms by 2028. This represents a consistent annual growth, with an average year-on-year increase around 3.89% over these years.
Key trends:
- From 2023 to 2024, a notable increase of approximately 4% is expected.- The growth continues at a steady rate of around 3.5-4% annually through 2028.- Over the last two years (2023-2025), the volume is set to increase by roughly 6.5%.- The compound annual growth rate (CAGR) over the next five years (2023-2028) is approximately 3.89%, illustrating a stable upward trend.
Future trends to watch for:
- The potential impact of trade regulations and tariffs on copper imports.- Changes in domestic demand influenced by economic growth and consumer preferences.- The availability and cost of copper in the global market may also affect these projections.
