Forecast: Sugar Cane Demand in Vietnam

From 2014 to 2023, the demand for sugar cane in Vietnam saw various fluctuations, initially starting at 19.82 million metric tons in 2014 and declining to 17.22 million metric tons by 2023. Year-on-year changes indicate a decline with occasional rebounds, notably in 2017 with a growth of 12.54%. The Compound Annual Growth Rate (CAGR) over the last five years shows a decline of 0.81% annually.

Future trends to watch for include:

  • Continued slight declines in demand, with a forecasted CAGR of -0.61% from 2024 to 2028.
  • A total expected reduction in demand of 3.01% over the next five years.

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