In 2023, the domestic consumption of soybean oil in Vietnam stood at 280.0 thousand metric tons. The forecasted data indicates a steady increase in consumption from 284.0 thousand metric tons in 2024 to 300.0 thousand metric tons in 2028. The year-on-year variation shows modest growth, approximately 1.8% to 1.4% annually. The Compound Annual Growth Rate (CAGR) over the five-year period is around 1.4%.
Future trends to watch for include potential shifts in dietary preferences, economic growth impacting consumer purchasing power, and policy changes affecting imports and local production of soybean oil. Monitoring these factors will be essential to understanding the evolving consumption patterns.
