The import of Polymers of Ethylene to Viet Nam has experienced significant growth over the past decade, with an initial value of 1.6745 billion USD in 2013. The import volume saw various year-on-year fluctuations, with a notable peak in 2014 at a 15.52% increase, followed by periodic declines such as in 2015 (-7.63%) and 2020 (-13.58%). By 2023, the imports stood at 2.7437 billion USD, reflecting a steady, though slowing, growth trend.
From 2019 to 2023, the import value showed an average annual increase (CAGR) of 3.9%. The forecasted data for 2024 to 2028 predicts a moderate growth trajectory with a forecast 5-year CAGR of 2.55%, outpacing the last five-year average but indicating a more phased expansion at an overall rate of 13.41%.
Future trends to watch for include:
- Fluctuations in global polymer prices and supply chain dynamics.
- Potential impacts of trade policies and tariffs.
- Increasing demand from the manufacturing and packaging sectors in Viet Nam.
