Based on historical data from 2013 to 2023, the import of room perfuming or deodorizing preparations to Vietnam has shown a generally upward trend with some fluctuations. In 2013, the import volume stood at 552.08 thousand kilograms, which grew to 1240.1 thousand kilograms by 2023, reflecting a significant increase over a decade. The year-on-year variation from 2022 to 2023 was 4.13%, showing steady growth, while the Compound Annual Growth Rate (CAGR) over the last five years (2018-2023) was approximately 4.74%.
Forecasted data from 2024 to 2028 suggests a continued but slightly decelerated growth, with the volume projected to reach 1498.4 thousand kilograms by 2028. The forecasted 5-year CAGR is estimated at 2.95%, indicating a more gradual growth rate compared to the previous period.
Future trends to watch for in this market include potential impacts from economic fluctuations, changes in consumer preferences towards eco-friendly products, and regulatory adjustments impacting import policies. Additionally, increased urbanization and rising disposable incomes in Vietnam may further stimulate the demand for such products.
