The import value of iron or steel tableware and kitchenware to Vietnam was observed at $47 million in 2023. The forecast from 2024 to 2028 shows a steady year-on-year increase in import value. The values for the subsequent years are expected to be $49.881 million in 2024, $52.112 million in 2025, $54.298 million in 2026, $56.441 million in 2027, and $58.54 million in 2028. This indicates a consistent annual growth rate, with the average compound annual growth rate (CAGR) standing at approximately 4.5% over the five-year period. Key observations include:
- Year-on-year growth for 2024 is 6.1%
- Year-on-year growth for 2025 is approximately 4.5%
- Year-on-year growth for 2026 is 4.2%
- Year-on-year growth for 2027 is 3.9%
- Year-on-year growth for 2028 is 3.7%
Future trends to watch for include potential shifts in consumer preferences towards sustainable and eco-friendly products, which might impact import volumes and values. Additionally, trade policies and tariffs, as well as global supply chain dynamics, could influence the import landscape in the coming years.