The import of primary cells and primary batteries to Viet Nam stood at 159.1 million USD in 2023. Forecasted values indicate a steady growth trend, with imports reaching 166.63 million USD in 2024, 174 million USD in 2025, 181.23 million USD in 2026, and 188.31 million USD in 2027. The year-on-year growth rates show an increase of 4.73% from 2023 to 2024 and 4.42% from 2024 to 2025, signaling a consistent rise. Over a five-year period, the compound annual growth rate (CAGR) is approximately 4.30%.
Future trends to watch for:
- Technological advancements in battery technology, potentially reducing costs and increasing efficiency.
- Government policies favoring green energy and sustainable practices that might affect import volumes and costs.
- Global supply chain dynamics that could impact the availability and pricing of primary cells and batteries.