The import of frozen vegetables to Viet Nam displayed significant fluctuations from 2013 to 2023. Starting at $3.1 million in 2013, there was a marked increase of 88.41% in 2014 but subsequent years showed variability, including a significant drop of 25.62% in 2016. From 2017 onwards, the trend stabilized with modest year-on-year increases, reaching $4.97 million in 2023. The average annual growth (CAGR) over the last five years stands at 3.2%, highlighting a steady albeit modest upward trajectory.
Future trends to watch for:
- Greater market stability is expected as the CAGR for 2024-2028 forecasts a moderate 2.14% annually.
- Potential impacts from global supply chain reconfigurations could alter import dynamics.
- Increasing demand for healthier food options may spur higher frozen vegetable imports.