The import of propylene copolymers to Vietnam increased significantly from 2013 to 2023, growing from $33.655 million to $428.3 million. Key year-on-year variations include a massive surge of 669.41% in 2014 and more modest growth of 4.91% in 2023. Over the last two years, there were notable increases of 10.81% and 4.91%. The Compound Annual Growth Rate (CAGR) over the last five years was 5.74%.
Future trends to watch for include:
- From 2024 onwards, the forecasted CAGR is lower at 3.45%, indicating slower growth but still a positive trend.
- By 2028, imports are projected to reach $531.79 million, representing an 18.46% growth rate over the next five years.