The import of clothing and accessories of furskin to Viet Nam is forecasted as follows from 2024 to 2028, showing consistent growth in value. In 2023, the import value stood at $58.1 million. The data from 2024 onward indicates a positive trend with values increasing yearly: $60.381 million in 2024, $62.811 million in 2025, $65.192 million in 2026, $67.525 million in 2027, and $69.812 million in 2028.
Year-on-year variation analysis:
- 2024: +3.93%
- 2025: +4.03%
- 2026: +3.79%
- 2027: +3.58%
- 2028: +3.38%
The compound annual growth rate (CAGR) from 2024 to 2028 is approximately 3.74%, showing a steady annual increase.
Future trends to watch for:
- Shift towards sustainable and ethical fashion impacting demand.
- Influence of global economic conditions on consumer spending.
- Evolving trade policies and tariffs that could affect import patterns.
- Technological advancements in alternative materials to furskin.
