In 2023, Vietnam's soybean oil export stood at 90.0 thousand metric tons. The forecasted data from 2024 to 2028 display a steady upward trend in exports, with values increasing from 91.0 thousand metric tons in 2024 to 97.0 thousand metric tons in 2028. This translates to an annual average growth rate of approximately 2.3% over the five-year period.
Year-on-year variations are modest but positive, ranging around 2.2% to 2.1%. The past two years have shown consistent growth, ensuring a stable market environment for soybean oil exports.
Future trends to watch for include potential shifts in global market demand, changes in trade policies, and advancements in agricultural technology, all of which could impact Vietnam's export volumes. Monitoring these factors will be crucial to maintaining and enhancing this growth trajectory.
