From 2013 to 2023, the import of porcelain or china tableware and kitchenware to Vietnam exhibited significant growth, standing at $30.067 million in 2023. This marks a year-on-year increase of 4.88% over the previous year. The period between 2019 and 2023 showcased fluctuations with both growth and declines, notably a substantial recovery from the dip in 2020. The Compound Annual Growth Rate (CAGR) for the last five years stands at 5.71%, illustrating moderate growth.
Looking ahead, from 2024 to 2028, the forecasted data implies a steady increase in imports, with a projected CAGR of 3.41%. The total growth over these five years is expected to be 18.27%, reflecting a steady, though less aggressive, upward trend. This indicates a stabilizing demand for these goods in the market.
Future trends to watch for:
- Potential impact of economic stability or fluctuations on import volumes.
- Changes in consumer preferences and dining habits influencing demand.
- Trade policies and tariffs affecting import costs and availability.
- Growing interest in sustainable and locally produced tableware.
