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.