The import of backed aluminum foil to Vietnam has exhibited varying trends over the years. In 2023, the import value stood at 9.8953 million kilograms. From 2013 to 2022, there have been noticeable fluctuations with an average variation per year (CAGR) showing a positive trajectory but with certain dips, such as the significant drop in 2020, which was followed by a robust recovery in 2021. The year-on-year percentage variation from 2022 to 2023 was relatively modest at 2.43%.
Forecasts from 2024 onwards indicate a steady increase in the import volume, with a projected value of 11.132 million kilograms by 2028 and an anticipated average growth rate (CAGR) of 1.83% over the next five years. This suggests a continued but slow upward trend in the import volume.
Future Trends to Watch For:
- Potential impact of global aluminum prices on import volumes.
- Technological advancements and their effect on aluminum foil demand.
- Shifts in Vietnam's domestic production capabilities and policies.
- Sustainability trends impacting aluminum foil usage and corresponding regulations.
