Based on the available forecast data, the onion market size volume in Vietnam is set to increase steadily from 628.0 thousand metric tons in 2024 to 666.0 thousand metric tons in 2028. The average year-on-year variation over the period from 2024 to 2028 is approximately 1.5%, indicating a consistent growth pattern.
In 2023, the onion market size stood at X thousand metric tons (value to be identified for accurate analysis). The compounded annual growth rate (CAGR) over the five-year period from 2024 to 2028 is roughly 1.5%, reflecting a healthy and gradual expansion of the market.
Future trends to watch for include:
- Potential impacts of climate change on onion yield and production.
- Changes in consumer preferences and dietary habits affecting demand for onions.
- Government policies and trade agreements influencing market dynamics.
- Technological advancements in agriculture improving efficiency and productivity.