From 2013 to 2023, Vietnam's oil crops yield has shown a consistent upward trend except for a brief dip in 2020. The yield stood at 57.77 thousand hectograms per hectare in 2023. The year-on-year variation for 2022 and 2023 is 2.69% and 2.57%, respectively, indicating a steady growth albeit at a slower pace compared to previous years. The Compound Annual Growth Rate (CAGR) over the last five years till 2023 is 3.12%, reflecting a healthy expansion in yield over the medium term.
Future trends to watch for over the next five years forecast a CAGR of 1.93%, with the entire period expecting a growth rate of 10.05%. This suggests more modest but continuous growth. Key factors to monitor include advances in agricultural techniques, climate change impacts, and shifts in government policy or economic conditions, all of which could influence yield outcomes.
