The import of Vegetable, Fruit, Nut, and Food Preparations to Viet Nam has shown consistent growth from 2013 to 2023. In 2023, imports stood at 100.63 million USD. Year-on-year variation has slowed over the past decade, starting at a high of 29.58% in 2015 and declining to 4.25% in 2023. The compound annual growth rate (CAGR) has similarly decreased over the years, from 18.71% in 2016 to 4.89% in 2023.
Based on forecast data, imports are expected to continue growing but at a reduced pace. The forecasted 5-year CAGR is 2.76%, with overall growth anticipated to be 14.61% from 2023 to 2028.
Future trends to watch for include:
- Potential impacts of global trade policies on import volumes.
- Changes in domestic agricultural productivity affecting import dependency.
- Shifts in consumer preferences toward fresh or organic produce.
- Developments in trade agreements within the ASEAN region.