The maize oil market in Vietnam shows a forecasted decline from 2024 to 2028. The market volume in 2024 stands at 980 metric tons, decreasing by 2% year-on-year in 2025 to 960 metric tons. This downward trend continues with a 1% decline to 950 metric tons in 2026, followed by a further 2.1% drop to 930 metric tons in 2027, and a 1.1% decline to 920 metric tons in 2028. The average annual decline (CAGR) over these five years is roughly -1.6%.
Key points to watch for in future trends:
- Potential changes in consumer preferences towards healthier edible oils.- Impact of government regulations or agricultural policies.- Fluctuations in global maize production affecting local supply.- Competitive pressures from other vegetable oils in the market.
