Analysis of Forecast: Textiles Exports to Italy by Vietnam based on the available data shows a consistent increase in export values from 2024 to 2028. The forecasted values are as follows: 51.96 million USD in 2024, 52.998 million USD in 2025, 54.015 million USD in 2026, 55.012 million USD in 2027, and 55.988 million USD in 2028. In 2023, the value stood at 50.35 million USD.
Year-on-year variations highlight steady growth:
- 2024: +3.2%
- 2025: +2%
- 2026: +1.9%
- 2027: +1.8%
- 2028: +1.8%
The compound annual growth rate (CAGR) over the last five years is approximately 2%.
Future trends to watch for:
- Global economic conditions and their impact on textile demand.
- Policy changes in both Vietnam and Italy affecting trade relations.
- Developments in textile manufacturing technology that could influence production costs and competitiveness.
