In 2023, Viet Nam's export value of plastics and articles thereof stood at 4.1789 Billion US Dollars. The series, based on actual data up to 2023 and forecasts from 2024 onwards, shows a trend of gradual growth with some fluctuations. The most recent year-on-year variation indicated a 3.76% increase from 2022 to 2023. Over the last two years, the average percentage increase has shown a steady upward trend. Over the last five years, the CAGR stood at 4.27%. This will rise to an estimated 2.74% CAGR forecast for the next five years until 2028, reflecting a 14.46% cumulative growth rate.
Future trends to watch for include:
• Potential impacts of global economic shifts
• Challenges and opportunities from evolving trade policies
• Technological advancements driving demand for advanced plastic products
• Societal shifts towards sustainability influencing market dynamics
