In 2023, actual rice consumption at the farm gate in Vietnam stood at 37.93 million metric tons. The forecasted values indicate steady growth with a year-on-year increase: 38.27 million metric tons in 2024, 38.62 million metric tons in 2025, 38.97 million metric tons in 2026, 39.31 million metric tons in 2027, and 39.65 million metric tons in 2028. The variations percentage from the previous two years reflect a consistent upward trend, while the compounded annual growth rate (CAGR) over the five-year period stands at approximately 0.89%
Future trends to watch for include factors such as changes in domestic agricultural policies, climate impacts on rice production, international demand variations, and technological advancements in farming that could influence rice yield. Monitoring these trends will be crucial for accurate future forecasting and strategic planning.
