Vietnam's citrus production has seen a consistent upward trend from 2013 to 2023, starting at 971.56 thousand metric tons and reaching 2023.2 thousand metric tons in 2023. From 2024 onwards, the production is forecasted to further increase, reaching 2386.5 thousand metric tons by 2028.
The year-on-year variations signal significant fluctuations, with substantial growth periods in years like 2017 (17.85%) and 2019 (21.38%), followed by dips like in 2020 (-6.34%). For the more recent years, including 2021 and 2022, the year-on-year variations were 9.47% and 3.77%, respectively. The average annual growth rate (CAGR) over the last five years was 5.99%, suggesting steady growth, albeit at a slower pace.
Looking forward, the forecasted CAGR of 2.59% over the next five years indicates a moderate growth rate, with an overall growth rate expected at 13.67% by 2028 compared to 2023.
Future trends to watch for include:
- Climate change impacts and how they may disrupt citrus yield.
- Technological advancements in agricultural practices that could enhance productivity.
- Market demand shifts, both domestic and international, that may affect production scales.
