The export of whiskies from Vietnam saw significant fluctuations over the past decade. Notably, the year-on-year variation reached as high as 422.1% in 2014 before declining by 27.75% in 2016. Positive growth resumed thereafter, peaking at 11.51% in 2018 and stabilizing with minor variations until 2023. As of 2023, the export value stood at 2175.1 thousand US dollars. Over the last two years, the export value increased by 2.45% and 2.34% respectively, reflecting moderate growth with a past five-year CAGR of 2.57%. Forecasts for the next five years predict a more stable growth rate, indicated by a forecasted five-year CAGR of 1.78% and a growth rate of 9.22% by 2028.
Future trends to watch for include:- Potential shifts in global demand for premium beverages- Trade policy changes, especially concerning tariffs and export incentives- Emerging competitors in the global whiskey market- Currency exchange rate fluctuations affecting export profitability
