Viet Nam's ores and metals exports have shown a steady increase from 2013 to 2018, with a significant rise noted in 2017 and 2018. A slight decline occurred in 2019 and 2020, followed by a recovery in 2021 and 2022. However, 2023 saw a minor drop, reflecting a YoY decrease of 3.97%. The CAGR over the previous five years from 2018 to 2023 stands at -0.013%, indicating a nearly stagnant growth. Despite fluctuations, the forecast from 2024 to 2028 suggests a moderate upward trend, with a forecasted 5-year CAGR of 1.65%, translating to an 8.51% growth rate.
Future trends to watch for:
- Global market demand and pricing trends
- Impact of geopolitical events on trade
- Technological advancements in mining and processing
- Environmental regulations and sustainable practices
- Evolving trade agreements and tariffs
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