The import of Tanning, Dyeing Extracts, Tannins and Pigments to Viet Nam demonstrated a fluctuating yet overall increasing trend from 2013 to 2023. Starting from $913.43 million in 2013, the value rose to $1846.5 million in 2023. Significant year-on-year variations include sharp growths such as 18.61% in 2014 and 17.13% in 2017, and a notable dip of -13.3% in 2020. Over the last five years, the CAGR has averaged around 4.21%. The overall trajectory remains positive with a forecasted value of $2186.7 million by 2028, reflecting a 5-year CAGR of 2.71% and a growth rate of 14.31% from 2023.

Future trends to watch for:

Continuous growth in import values, albeit at a slightly decelerating rate compared to previous years.
Potential market adjustments post-pandemic and economic recovery influencing import demands.
Changes in international trade policies or supply chain dynamics could impact future import volumes and values.
Technological advancements in the industry may shift demand towards higher-quality or more sustainable products.