The import of milk powder to Vietnam has shown a consistent upward trend from 2024 to 2028, with values forecasted to rise steadily from 201.17 million US dollars in 2024 to 205.96 million US dollars in 2028. This indicates a compound annual growth rate (CAGR) of around 0.6% over these five years.
When examining the year-on-year variations, the import value for 2024 reflects a slight increase from the previous year. Similarly, the subsequent years show a marginal yearly increase: 0.61% in 2025, 0.6% in 2026, 0.59% in 2027, and 0.57% in 2028.
Trends to watch for in the future include potential changes in domestic production capacity, evolving consumer preferences, fluctuations in global milk powder prices, and potential impacts of trade agreements or tariffs on import dynamics. Additionally, monitoring shifts caused by economic conditions or policy changes could provide deeper insights into future market behavior.
