The import of tableware and kitchenware of wood to Vietnam showcases a significant uptrend from 2013 to 2023, with the volume standing at 506.42 thousand kilograms in 2023. The year-on-year variation for the last two years highlights steady growth, with 6.09% in 2022 and 5.63% in 2023. Notably, the compound annual growth rate (CAGR) over the previous five years (2018-2023) was consistent at 6.71%.
Future trends to watch:
- A forecasted 5-year CAGR of 3.54% suggests continuous, albeit slower, growth.
- The overall projected growth rate for 2024-2028 is 19%, implying a positive long-term outlook.
- Potential market dynamics changes might impact demand and supply chain stability.