The maize feed volume in Vietnam has shown fluctuating growth over the past decade, with notable increases and occasional declines. In 2023, the volume stood at 13.3 million metric tons, reflecting a modest year-on-year growth of 2.25%. The compound annual growth rate (CAGR) over the last five years was 1.64%, indicating steady but slow growth.
Year-on-year variations highlight significant fluctuations: a peak increase of 27.39% in 2015 and a notable decline of -4.63% in 2017. Overall, the average variation per year over the last five years was 1.64%. The future forecast suggests continued growth, with a 2028 forecasted volume of 14.67 million metric tons and a projected five-year CAGR of 1.55%.
Future trends to watch for include advancements in agricultural technologies, government policies affecting maize production, global maize price fluctuations, and potential shifts in demand driven by changes in dietary preferences or livestock industry needs.
