From 2013 to 2023, the import of pigments for paint, stamping foils, and dyes to Vietnam saw significant fluctuations. The year-on-year variation was especially notable in 2016 with a remarkable 62.5% increase, followed by a decline in 2020 by 13.11%. However, by 2021, the imports recovered with a 19.48% rise. By 2023, the value stood at 114.7 million USD with a modest 3.88% growth. Looking at the CAGR over the last five years, it averaged at 4.42%, showing stable yet modest growth.
Forecasts from 2024 to 2028 suggest a consistent growth trajectory, with the import value expected to reach 136.76 million USD by 2028. The forecasted 5-year CAGR is 2.82%, indicating a steady but slower growth rate. The projected 5-year growth rate stands at 14.9%, showcasing an overall positive outlook.
Future trends to watch for include the impact of economic conditions, advancements in the paint and dye industry, and possible shifts in government import policies. Monitoring global supply chain dynamics and Vietnam's evolving industrial needs will also be crucial.
