Zinc smelter production in Vietnam experienced fluctuating trends between 2013 and 2023. Production values began at 12.0 thousand metric tons in 2013 and remained steady through 2014. This was followed by a notable decline in 2015 before minor fluctuations continued, ranging from a high of 10.08 thousand metric tons in 2016 to a low of 6.61 thousand metric tons in 2023. The year-on-year variation from 2022 to 2023 was a decline of 6.6%, and the compound annual growth rate (CAGR) over the last five years stands at -6.07%.
The forecast from 2024 onwards shows a continued downward trend, projecting a significant decrease to 4.17 thousand metric tons by 2028, with a 5-year CAGR of -7.31%. This indicates an overall downward trajectory marking a potential concern for the industry. Future trends to watch involve potential shifts in global market demand, technological advancements that may influence production efficiencies, and regulatory changes impacting the mining and smelting industries.
