The analysis of cocoa powder and cocoa cake exports from the Netherlands to Vietnam over the past decade reveals several noteworthy trends. From 2013 to 2015, there was a noticeable decline in export values. However, from 2016 onwards, a general upward trend can be observed. The value in 2023 stood at $1.83 million USD, reflecting a steady recovery and growth. The last two years showed positive variations with small but consistent increases of 2.23% in 2022 and 2.18% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years stands at 2.96%, indicating a moderate growth trajectory.
Looking ahead, based on forecasted data, the exports are projected to continue to grow, reaching approximately $2.02 million USD by 2028. The forecasted five-year CAGR is 1.57%, with an overall growth rate of 8.1%. This positive trend suggests a stable and growing market demand for cocoa products in Vietnam in the coming years.
Future trends to watch for include shifts in global cocoa production impacting supply and prices, potential changes in trade policies between the Netherlands and Vietnam, and evolving consumer preferences in Vietnam which could influence demand for cocoa products. Monitoring these factors will be crucial for stakeholders in this market.