The import of ceramic, glass pigments, opacifiers, colors, and enamels to Vietnam has shown fluctuations over the past years, with a significant drop in 2020 followed by a strong recovery. In 2023, the imports reached a value of 112.3 million US dollars. The year-on-year variation showed a growth trend, especially notable in 2021 with a 16.79% increase, followed by a more moderate 7.32% in 2022 and 1.88% in 2023. The compound annual growth rate (CAGR) over the last five years has been around 2.04%. From 2024, imports are forecasted to continue growing steadily, with a forecasted 5-year CAGR of 1.47% and an overall growth rate of 7.55% by 2028.
Future trends to watch for include:
- Potential impact of global supply chain disruptions on import levels
- Changes in Vietnamese domestic production capacities and technological advancements
- Environmental regulations affecting the use of these materials
- Economic fluctuations influencing manufacturing and construction activities