The natural honey production in Vietnam stood at 24.59 thousand metric tons in 2023. Since 2013, production has seen a general upward trend, albeit with some fluctuations. After a dip in 2020, there was a recovery in subsequent years. From 2022 to 2023, the year-on-year growth was 3.16%. The 5-year Compound Annual Growth Rate (CAGR) leading up to 2023 was 3.79%, which points to a modest but steady growth rate. The growth forecast for the next five years shows a CAGR of 2.33%, indicating a gradual slowing down in the expansion rate but still positive growth, reaching 28.51 thousand metric tons by 2028.
Future trends to watch for:
- Potential impacts of climate change on honey yields.
- Fluctuations in global honey demand affecting export prospects.
- Technological advancements in beekeeping boosting production efficiency.
- Policy changes or government support for apiculture development.
