Analysis of the historical demand for grapes in Vietnam from 2014 to 2023 reveals significant fluctuations. The demand peaked at 132,000 metric tons in 2018, followed by a noticeable drop in 2019. The CAGR from 2019 to 2023 stands at -0.93%, indicating a slight downturn over the last five years. However, there was modest, steady growth in 2022 and 2023, with year-on-year growth rates of 1.64% and 1.61%, respectively.
From 2024 onwards, the forecast suggests a stable upward trend in grape demand, with a 5-year CAGR projected at 1.22% and an overall growth rate of 6.25%. This anticipated growth highlights a gradual and consistent increase in grape consumption moving forward.
Future trends to watch for include the potential impacts of climate change on grape production, shifts in consumer preferences towards imported or organic grapes, and any new trade policies that could affect grape imports. Monitoring these factors will be crucial for understanding the market dynamics in the coming years.
