The import of vat dyes and preparations to Viet Nam saw a significant increase from 2013 to 2023, starting at 176.63 thousand kilograms and reaching 508.27 thousand kilograms in 2023. Over this period, annual variations were marked by peaks and declines, with the import value showing a year-on-year increase of 3.62% in 2023. The compound annual growth rate (CAGR) over the last five years stood at 4.1%.
Key trends observed over the last ten years include:
- A sharp rise in 2014 by 73.99%, followed by a decline in 2015 (-13.41%).
- Consistent year-on-year growth from 2016 onwards, barring a dip in 2020 (-13.4%).
- Recovery and further growth post-2020, with steady increases through 2023.
From 2024 onwards, the forecast indicates continued growth at a projected CAGR of 2.65% over the next five years, culminating in an estimated 599.75 thousand kilograms by 2028, reflecting a total growth rate of 14% over this period.
Future trends to watch for include:
- Potential impacts of global economic conditions on import volumes.
- Technological advancements in dye production and their effect on demand.
- Sustainability trends that may influence dye formulations and import strategies.
