The import volume of oranges and mandarins in Vietnam has shown significant fluctuations over the past decade. In 2023, the import volume stood at 162.0 thousand metric tons. From 2014 to 2015, there was a sharp decline of 13.42%, while 2016 saw a 6.5% increase. Notably, 2017 experienced a dramatic drop of 88.26%. The highest rebound occurred in 2018, with an 800% increase. From 2019 onwards, a steady decline was observed with the year-on-year variation stabilizing around -1.82% by 2023. The Compound Annual Growth Rate (CAGR) from 2019 to 2023 was -6.36%, indicating a consistent reduction in import volume.
The forecast for the next five years shows a steady decline, with a predicted 2028 volume of 147.0 thousand metric tons, and a forecasted 5-year CAGR of -1.56%, resulting in a cumulative decrease of 7.55% by 2028. Monitoring trends, both international trade policies and domestic production capabilities could influence future import volumes. Additionally, changes in consumer preferences and alternative sourcing strategies may impact the market.
