Between 2014 and 2023, cassava production in Vietnam exhibited variable trends. Production peaked in 2016 at 10.91 million metric tons but generally declined from 2017 onwards. The decline from 2017 to 2023 averaged slight year-on-year decreases, notably with sharp declines in 2017 (-5.88%) and 2020 (-5.29%). The year-on-year variation for 2023 was -0.29%, and the CAGR from 2019 to 2023 was 0.065%.
Forecasted data from 2024 to 2028 indicate continued slight declines in cassava production, with a forecasted CAGR of -0.25% and an overall 5-year growth rate projection of -1.24% by 2028. Production figures are expected to gradually decrease from 9.88 million metric tons in 2023 to 9.72 million metric tons by 2028.
Future trends to watch for include:
- Potential impact of climate change on agricultural yields.
- Government policies influencing agricultural practices and profitability.
- Technological advancements in farming techniques and resource optimization.
- Market demand fluctuations and export conditions affecting the production scale.
