In 2023, the import value of ammonia to Viet Nam stood at 47.1 million US Dollars. The forecast for the upcoming years shows a steady increase: 47.591 million in 2024, 48.046 million in 2025, 48.493 million in 2026, 48.93 million in 2027, and 49.358 million in 2028.
Year-on-year variation percentages:
- 2024: 1.04%
- 2025: 0.95%
- 2026: 0.93%
- 2027: 0.90%
- 2028: 0.87%
The Compound Annual Growth Rate (CAGR) for the import of ammonia over the five years from 2023 to 2028 is approximately 0.94%, indicating steady but slight growth.
Future trends to watch for include potential changes in global ammonia prices, Viet Nam's internal demand and industrial use for ammonia, and any regulatory changes affecting imports. Additionally, increasing focus on sustainable and alternative sources of chemicals might influence the trend further.
