Import of Machinery for Rubber and Plastics Industry to Viet Nam stood at 1074.2 million US dollars in 2023. Over the last two years, the year-on-year variations were 4.03% for 2022 and 3.8% for 2023. Over the past five years, the Compound Annual Growth Rate (CAGR) averaged 4.32%. The period from 2013 to 2023 exhibited an overall positive trend despite fluctuations, highlighting a resilient growth trajectory.

Future trends to watch for:

Continued moderate growth is anticipated with a forecasted 5-year CAGR of 2.75% from 2023 to 2028.
Steady demand increases driven by Viet Nam's expanding manufacturing sector.
Potential impact of global trade policies and technological advancements on import volumes.