Based on the forecasted data for the import of waterproof footwear to Viet Nam, there is a consistent upward trend. The forecast for 2024 is set at $9.6914 million, demonstrating an incremental rise each year reaching $11.312 million by 2028. Comparing to the actual data for 2023, there has been a noticeable increase.
Year-on-year variations reveal the following trends:
- From 2023 to 2024: A significant rise
- From 2024 to 2025: An increase of approximately 4.30%
- From 2025 to 2026: An increase of around 4.05%
- From 2026 to 2027: An increase of about 3.81%
- From 2027 to 2028: An increase of around 3.61%
The last CAGR (Compound Annual Growth Rate) over the five-year period from 2023 to 2028 would average a steady growth of 3.94% per year.
Trends to watch for in the future include potential shifts in consumer preference towards sustainably produced footwear, which could impact overall import volumes and value. Additionally, any changes in trade policies or economic conditions in key export markets could alter the forecasted growth trajectory.
