In 2023, Viet Nam imported silver with an actual value standing at 21.568 million USD. Observing the forecasted data, the import value of silver is projected to rise gradually each year: 21.839 million USD in 2024, 22.218 million USD in 2025, 22.589 million USD in 2026, 22.953 million USD in 2027, and 23.31 million USD in 2028.
Year-on-year variation in percentage from 2024 to 2028 shows a steady increase:
- 2024: 1.26%
- 2025: 1.73%
- 2026: 1.67%
- 2027: 1.61%
- 2028: 1.56%
The compound annual growth rate (CAGR) from 2023 to 2028 is approximately 1.72%, reflecting a consistent but modest growth rate in the import value of silver.
Future trends to watch for include potential economic developments, industrial demands for silver in technologies and electronics, and the impact of global silver prices on import volumes and values.
