The volume of animal feed preparations exported from Viet Nam stood at 229.18 million kg in 2023. Over the past two years, the year-on-year variation has been modest, with a growth rate of just 4.38% in 2023, down from 4.68% in 2022. Looking at a broader timeframe, the compound annual growth rate (CAGR) over the past five years is 5.06%, indicating steady yet slowing growth.
Looking ahead to forecasted data, growth is expected to continue but at a decelerated rate, as evidenced by a forecasted 5-year CAGR of 2.84% and a forecasted 5-year growth rate of 15.03% up to 2028. This suggests a leveling off in growth trajectory.
Future trends to watch for include potential impacts from global economic conditions, changes in agricultural policies, and advancements in animal feed technology. Additionally, fluctuations in global commodity prices and international trade relations may significantly influence future export volumes.
