The import value of refractory ceramic constructional goods to Vietnam stood at $122.33 million in 2023 and is projected to follow an upward trend through 2028. The actual data shows variable growth from 2013 to 2023, characterized by fluctuations in year-on-year variations and CAGR. Key takeaways include significant growth between 2013-2015, a downturn in 2016 and 2017, recovery in 2018-2019, another dip in 2020, followed by an upward trajectory till 2023. The forecast anticipates a steady increase, with a CAGR of 2.25% from 2024 to 2028 and a total growth rate of 11.74% over the five years.
Future trends to watch for:
- Technological advancements in refractory materials
- Shifts in international trade policies impacting import tariffs
- Potential changes in domestic construction demands influencing import needs
- Global economic conditions affecting supply chain dynamics and import costs
