The import of sugar confectionery to Vietnam stood at 59.23 million USD in 2023. The forecasted values from 2024 to 2028 exhibit a steady year-on-year increase: 60.29 million USD (2024), 61.45 million USD (2025), 62.587 million USD (2026), 63.701 million USD (2027), and 64.793 million USD (2028). Over the last two years, the annual percentage variation shows an average growth of approximately 1.78% per year. Extending this over the five-year forecast period, the compound annual growth rate (CAGR) for sugar confectionery imports stands at 1.85%, indicating a consistent upward trend in demand within the Vietnamese market.
Future trends to watch for include potential impacts of changing dietary habits and lifestyle trends, healthier alternatives influencing sugar confectionery demand, and potential tariff and trade policy adjustments that could affect import dynamics. Additionally, monitoring global sugar prices and supply chain developments will be crucial for understanding future fluctuations in import volumes and values.
