Based on the forecasted data, the import of ammonium sulphate to Vietnam is expected to see a slight decline from 2024 to 2028. The values indicated for each year show a gradual decrease from 130.75 million USD in 2024 to 130.37 million USD by 2028. Looking back, the actual value for 2023 was recorded at 130.87 million USD. The year-on-year percentage variations for the subsequent years reflect minor decreases: from 130.87 million USD in 2023 to 130.75 million USD in 2024 signifies a small decline, continuing this trend in the subsequent years.
Key future trends to watch for include global fertilizer market conditions, shifting agricultural policies, and Vietnam's domestic production capabilities. Additionally, fluctuations in global trade tariffs and the availability of alternative fertilizers could further impact import volumes.
Observing the compounded annual growth rate (CAGR) for the 5-year period from 2023 to 2028, it appears the market remains relatively stable but shows a very mild downward trend.
Overall, stakeholders should monitor external economic factors and policy changes closely to anticipate any significant shifts in import patterns.
