From 2013 to 2023, the import volume of compression refrigeration equipment with heat exchange to Vietnam has shown significant fluctuations. After a steep rise from 2014 to 2017, the import value experienced a slight downturn in 2018 and 2020, followed by a stable increase from 2021 onwards. The recorded value for 2023 stood at 487.4 thousand kilograms, representing a 2.67% year-on-year increase from 2022. The Compound Annual Growth Rate (CAGR) over the last 5 years (2018-2023) is approximately 2.95%, indicating moderate growth.
Looking ahead, the forecast from 2024 to 2028 suggests a steady growth trajectory with a 5-year CAGR of 2% and an overall growth rate of 10.39% by 2028. This indicates a stable increase in import volume, reflecting ongoing demand and potential economic growth in related industries.
Future Trends to Watch For:
- Technological advancements in refrigeration and cooling methods that may influence import demand.
- Economic and policy changes in Vietnam that could impact importing behavior and industrial needs.
- Environmental regulations and shifts towards more sustainable and energy-efficient refrigeration equipment.
