Forecast: Import of Ships, Boats and Other Floating Structures to Viet Nam

The import of ships, boats, and other floating structures to Viet Nam witnessed significant fluctuations between 2013 and 2023. From 2013 to 2016, there were periods of growth and decline, including a peak in 2016. However, the trend largely turned negative from 2017 onwards. By 2020, the import value had tumbled due to a 47.16% decline from the previous year. Despite a recovery in 2021 with a 71.48% increase, the downward trend resumed, culminating in a 6.36% year-on-year decrease by 2023 with the value at 130.29 million USD, representing an average annual decline (CAGR) of -5.88% over the past five years.

Future trends to watch for:

- Continued decline as forecast indicates a -6.95% annual decrease.- Industry advancements and international trade policies potentially altering import dynamics.- Economic recovery post-pandemic possibly affecting future import volumes.