The forecasted centrifugal cane sugar production in Vietnam indicates a steady increase from 2024 to 2028. Starting from 991.0 thousand metric tons in 2024, the production rises to 1050.0 thousand metric tons by 2028. Given that we are currently in 2024, and considering the previous year's output was 980.0 thousand metric tons, the year-on-year variation from 2023 to 2024 is an increase of 1.1%. The annual average growth rate (CAGR) over the five-year period from 2024 to 2028 is approximately 1.5%.
- 2024: 1.1% increase from 2023
- 2025: 1.9% increase from 2024
- 2026: 1.0% increase from 2025
- 2027: 2.0% increase from 2026
- 2028: 1.0% increase from 2027
Future trends to watch for include potential impacts of climate change on cane crop yield, technological advancements in sugar production processes, and shifts in global sugar demand and pricing. Additionally, government policies and international trade agreements could also influence the production and export of cane sugar in Vietnam.
