The import value of backed foil of refined copper to Viet Nam has shown significant growth from 2013 onwards. From an initial value of $26.543 million in 2013, imports have increased to $129.24 million in 2023. The year-on-year variation has fluctuated, with notable highs in 2017 and a few declines, such as in 2018 and 2020. The 5-year CAGR leading up to 2023 was 6.08%, reflecting steady growth despite some volatility.
Looking forward, the forecast from 2024 to 2028 indicates a continuation of this upward trend with a forecasted 5-year CAGR of 3.58%. This suggests a moderate but consistent increase, projecting the import value to $162.36 million by 2028.
**Future Trends to Watch For:**
- Global copper prices and their impact on import costs
- Technological advancements in the usage of copper foil in various industries
- Viet Nam's policy changes regarding import tariffs and trade agreements
- Economic growth and industrial expansion within Viet Nam driving demand
