Forecast: Orange and Mandarines Production in Vietnam

Vietnam's orange and mandarine production demonstrated significant growth from 2014 to 2023, with the volume standing at 923.0 thousand metric tons in 2023, marking a year-on-year increase of 2.21%. From 2014, where production was 590.0 thousand metric tons, the growth has been relatively steady despite some fluctuations. Key variations included substantial increases in 2016 and 2017, with a noteworthy CAGR of 7.32% over the five years leading up to 2019 and 7.64% leading up to 2020. However, growth slowed down to a 1.59% CAGR from 2018 to 2023. Forecast data suggests a continued moderate upward trend for 2024 through 2028, with a forecasted 5-year CAGR of 1.7% and an overall growth rate of 8.78%.

Future trends to monitor include:

  • Technological advancements in agricultural practices which may enhance yield efficiency.
  • Climate change impacts and their potential to affect production volumes.
  • Market demand fluctuations both domestically and globally.
  • Government policies and incentives surrounding agricultural production.

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