The import of parts of domestic electro-thermic apparatus to Vietnam displayed substantial fluctuations between 2013 and 2023. The value stood at $20.611 million in 2023. Over the last two years, the year-on-year variations were positive, with a growth of 3.39% and 1.56% respectively, indicating a stabilizing upward trend. The compound annual growth rate (CAGR) over the last five years averaged 3.82%, showing consistent growth despite earlier volatility.
Future trends to watch for include:
- Continued steady growth as predicted by the forecast 5-year CAGR of 2.48%
- An increase in total import value reaching $24.169 million by 2028, a cumulative growth of 13.04%
- A potential impact of technological advancements and changing consumer preferences on import volumes
