The cassava market in Vietnam has demonstrated fluctuations over the past decade, with noticeable spikes and declines. As of 2023, the market size volume stood at 729 thousand metric tons. Historically, significant annual variations have included a 5.2% increase in 2015 and a -6.01% decrease in 2017. Recent years, particularly from 2019 to 2023, showcased minimal changes, with the year-on-year variation for 2023 at -0.14%. The 5-year CAGR leading to 2023 reflected an average annual variation of 0.083%.
Future projections (2024-2028) forecast a slight annual decline, as indicated by the 5-year CAGR of -0.08%, translating to an overall contraction rate of -0.41%. Notable points for future trends include:
- Potential impacts of climate change on crop yields.
- Shifts in domestic and international demand.
- Technological advancements in agricultural methods.
