The import of Polyethylene Terephthalate (PET) to Vietnam has demonstrated fluctuations over the past decade, with values in Million US Dollars standing at 517.82 in 2023. Over the last two years, year-on-year growth was 8.83% in 2022 and 3.21% in 2023. The 5-year CAGR leading up to 2023 was 3.6%, indicating moderate growth.
Looking forward, the forecasted data suggests steady growth, with a projected 5-year CAGR of 2.38%, and an overall growth rate of 12.5% by 2028.
Key trends to watch for include potential changes in global trade policies, fluctuating oil prices impacting raw material costs, and advancements in recycling technologies which could affect the demand and supply dynamics of PET imports to Vietnam.