The import of polyacetals, polyethers, and polycarbonates to Vietnam experienced fluctuating growth from 2013 to 2023. The value of imports in 2023 stood at $1.7809 billion, marking a 3.63% year-on-year increase, following a 9.31% rise in 2022, and a substantial 19.13% leap in 2021. Over the last five years, the compound annual growth rate (CAGR) was 4.11%, indicating a moderate and steady increase in import value.
Future Trends to Watch For:
• The forecasted CAGR of 2.66% from 2024 to 2028 suggests a slower yet continued growth.• With projected import values reaching $2.1017 billion by 2028, potential factors influencing this trend include global market demands, changes in trade policies, and advancements in polymer applications.• Emerging sustainable alternatives and economic shifts could significantly impact future import volumes and values.
