Forecast: Import of Chocolate to Viet Nam

In 2023, the import of chocolate to Vietnam stood at 44.355 million US dollars. The forecasted data for the years 2024 to 2028 shows a consistent increase in the import value, starting from 46.073 million US dollars in 2024 and reaching 53.373 million US dollars by 2028. This indicates a steady year-on-year growth. The variations for the next two years (from 2024 onwards) reveal a positive trend: the imports are expected to grow by 4.08% in 2024 and by 4.08% in 2025. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is approximately 3.08%, highlighting a gradual yet steady increase in the import value.

Future trends to watch for include shifts in consumer preference toward premium and dark chocolates, potential adjustments in trade policies impacting import dynamics, and changes in regional economic conditions that could influence purchasing power and demand for imported chocolates in Vietnam. The rising influence of e-commerce and digital marketing in the food and confectionery sectors may also play a significant role in shaping the import landscape.