The wheat supply in Vietnam is forecasted to grow steadily from 4.69 million metric tons in 2024 to 4.87 million metric tons by 2028. This marks a consistent upward trend. Compared to the previous year, the forecasted figures show minimal yet steady growth, approximating annual increases around 1%, with precise year-on-year variations for the given periods calculated at: 2025 (0.85%), 2026 (1.06%), 2027 (0.84%), 2028 (1.04%). Using CAGR, we see an average annual increase of around 1% between 2024 and 2028.
Looking ahead, future trends to watch include:
- Potential impacts from global climate change on wheat production.
- Shifts in domestic demand driven by dietary changes and population growth.
- Influence of international trade policies on wheat imports and exports.
- Technological advancements in agriculture, possibly boosting yield rates.
