In 2023, the import volume of aluminium sanitary ware to Viet Nam stood at 38.44 thousand kilograms. The forecast data for 2024 shows a slight decrease to 38.36 thousand kilograms. The year-on-year variation between 2024 and 2025 is a further decrease of 0.21%, reaching 38.28 thousand kilograms. This downward trend continues for the subsequent years, with the import volume gradually declining to 38.06 thousand kilograms by 2028. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is negative, reflecting a steady but slight reduction in import volume.
Future trends to watch for include:
- Changes in local manufacturing capabilities of aluminium sanitary ware, which could reduce import dependence.
- Fluctuations in global aluminium prices and their impact on import volumes.
- Shifts in consumer preferences towards alternative materials in sanitary ware, impacting demand for aluminium products.