The import of aluminium household articles to Viet Nam has shown a fluctuating growth trend from 2013 to 2023. In 2023, the import value stood at $17.257 million, marking a moderate year-on-year increase of 4.07%. Over the last two years, there was a more significant increase, with the 2022 to 2021 year-on-year growth rate at 4.33% and 2021 to 2020 at a substantial 26.05%. The Compound Annual Growth Rate (CAGR) over the past five years has been 4.65%, reflecting a steady, albeit modest, upward trend.
Future forecasts suggest continued growth, with projected imports reaching $20.779 million by 2028. The anticipated CAGR for the next five years is 2.92%, indicating a slightly slower growth rate compared to recent history, yet a steady overall increase. The total forecasted growth rate over this five-year period is approximately 15.45%.
Future trends to watch for include potential impacts of global economic conditions, shifts in consumer demand towards more sustainable materials, and possible changes in trade policies that may affect import volumes and values. Additionally, technological innovations in aluminium manufacturing and household article design could further influence market dynamics.
