Forecast: Coffee Production in Vietnam

Vietnam's coffee production from 2013 to 2023 demonstrated alternating trends with periods of both growth and decline. Actual production in 2023 stood at 34.7 million bags of 60 kg, reflecting a 2.46% increase year-on-year from 2022. The compound annual growth rate (CAGR) for the past five years up to 2023 was 2.17%. Notable year-on-year variations include a strong growth of 17.98% in 2013 and an 11.12% decline in 2016. The production consistently increased from 2018 through 2023.

Looking ahead, forecasted data suggests a steady increase in production, reaching 39.06 million bags by 2028. The forecasted average annual growth rate is 1.86%, translating to a cumulative growth rate of 9.65% over the next five years.

Future trends to watch for:

• The impact of climate change on crop yields.
• The potential for technological advancements in farming practices.
• Market demand fluctuations and their influence on production volumes.
• Policy changes affecting agricultural exports.