The forecasted data predicts a steady growth in the import of carbon and graphite furnace electrodes to Viet Nam from 2024 to 2028. The value is expected to increase from 111.57 million USD in 2024 to 131.8 million USD in 2028. This indicates a year-on-year variation showing a consistent upward trend. Considering the data reflects a continuation of past trends, the average annual growth rate (CAGR) over this five-year period would be notable.
In reviewing the historical data, the imports stood at 106.4 million USD in 2023. The expected year-on-year growth rates are approximately 4.67% from 2023 to 2024, 4.66% from 2024 to 2025, 4.38% from 2025 to 2026, 4.11% from 2026 to 2027, and 3.86% from 2027 to 2028, yielding a consistent growth trajectory.
Future trends to watch for include the demand fluctuations in the steel industry, which heavily depends on these electrodes, as well as potential technological advancements or shifts in trade policies that may impact import volumes and valuation.
