The historical data for grape juice exports from the US to Vietnam show notable fluctuations over the past decade. In 2023, the value stood at 172 thousand US Dollars, marking a 26.47% increase from 2022. For the previous year, 2022, the export value rose by 47.83% compared to 2021, which itself showed a significant 206.67% jump from 2020's substantial decline (down by 74.79% from 2018). The five-year Compound Annual Growth Rate (CAGR) leading up to 2023 was -3.73%, reflecting overall volatility. Looking ahead, the forecast predicts a steady increase with an average annual growth rate (CAGR) of 4.99% from 2024 to 2028, resulting in a 27.57% growth by 2028.
Key future trends to monitor include:
- Potential shifts in trade policies between the US and Vietnam that could impact tariffs and regulations.
- Changes in consumer demand in Vietnam influenced by economic conditions and market preferences for grape juice.
- Global market events affecting production costs, such as environmental factors impacting grape harvests or fluctuations in supply chains.
