The import of aircraft under-carriages and parts thereof to Vietnam has shown significant fluctuations over the past decade. Actual data reveals a peak in 2015 followed by varied growth and declines, with values stabilizing above USD 5 billion since 2016. In 2023, actual imports stood at USD 7.519 billion. Year-on-year analysis reveals a 3.6% increase from 2022 to 2023, with a compound annual growth rate (CAGR) over the last five years of 4.07%.
The forecast data suggests a steady upward trend, with expected imports reaching approximately USD 8.861 billion by 2028. The forecasted five-year CAGR is 2.64%, indicating a moderate growth rate with an overall forecasted growth rate of 13.89%.
Trends to watch for in the future include:
- Technological advancements in aircraft machinery which may affect the import values and volumes.
- Government policies on aviation imports which could greatly influence market dynamics.
- Global economic conditions and their impact on aviation industry budgets and expenditures in Vietnam.
