In 2023, the distribution of table grapes in Vietnam stood at 141.4 thousand metric tons. The period from 2013 to 2023 shows significant fluctuations, with notable peaks and drops. For instance, the market experienced a sharp increase of 50.1% in 2015 and a striking dip of -32.65% in 2021. The last two years recorded a year-on-year variation of 36.09% in 2022 and 4.74% in 2023. Furthermore, the average CAGR from 2018 to 2023 was around 7.17%, indicating a steady annual growth rate.
Looking forward, the forecasted trend till 2028 suggests a continuation of this growth trajectory, with an anticipated CAGR of 3.99%, signifying a total growth rate of 21.62% over the next five years.
Future trends to watch for:
- Potential disruptions due to climate change, impacting yield and supply chains.
- Emerging consumer preferences towards organic and sustainable products.
- Advancements in agricultural technologies and practices enhancing productivity.
- Trade policies and tariffs affecting import-export dynamics.
- Expanding retail and e-commerce platforms increasing distribution efficiencies.
