Forecast: Import of Coffee to Viet Nam

The import value of coffee to Vietnam, expressed in million US dollars, has demonstrated varied trends from 2013 to 2023. The historical data shows both significant growth and declines, with a notable high in 2017 and steady increases observed from 2020 onwards. As of 2023, the import value stood at 110.1 million USD. Year-on-year variations in the past have ranged from a decrease of -40.66% in 2015 to an increase of 87.46% in 2017. The compound annual growth rate (CAGR) for the past five years indicates an average yearly growth rate of approximately 5.44%.

Looking ahead, forecasts for the next five years suggest a moderate increase in import values, with a projected CAGR of 3.03% leading to an estimated import value of 133.33 million USD by 2028, marking an overall growth rate of 16.09% from 2023 to 2028. These projections signal stable, albeit slower, growth in the near future compared to previous levels.

Future trends to watch for:

• Global coffee price fluctuations and their impact on Vietnam's import values.
• Changes in domestic coffee consumption patterns and preferences.
• Potential trade policy adjustments affecting import dynamics.
• Economic factors, such as inflation and currency exchange rates, influencing import expenditure.