The per capita consumption of sugar cane in Vietnam is expected to steadily decline over the forecast period. In 2023, the volume per capita stood at approximately 8.9 kilograms. Forecasted values for the subsequent years show a consistent decrease: 8.66 kilograms in 2024, 8.43 in 2025, 8.2 in 2026, 7.99 in 2027, and 7.77 in 2028.
Year-on-year variations indicate a pattern of diminishing consumption:- 2024: -2.7%- 2025: -2.65%- 2026: -2.73%- 2027: -2.56%- 2028: -2.75%
The compound annual growth rate (CAGR) over this five-year period is around -2.68%, underscoring a slow but steady reduction in sugar cane consumption per capita.
Future trends to watch for include potential shifts in consumer preferences towards healthier alternatives, regulatory changes impacting sugar cane production, and the impact of global price fluctuations. These factors could either mitigate or exacerbate the downward trend in per capita consumption.
