As of 2023, the import of Vitamin C to Vietnam stood at USD 21.035 million. Over the past years, the import value has shown considerable growth, with minor fluctuations. Between 2013 and 2023, the import value experienced an overall increasing trend, with significant year-on-year variations including a 35.95% rise in 2017 and an 8.81% rise in 2020. The most recent data shows a 3.09% increase from 2022 to 2023. The compound annual growth rate (CAGR) from 2019 to 2023 was 3.45%.
Looking forward, the forecasted data from 2024 to 2028 suggests a continued increase in import value, with a 5-year CAGR of 2.02% and an overall growth rate of 10.53% over the same period. By 2028, the import value is expected to reach USD 24.101 million.
Future trends to watch for include:
- Impact of global supply chain disruptions on imports.
- Changes in demand for Vitamin C supplements due to health trends.
- Economic policies affecting import tariffs and trade agreements.
