Maize production in Vietnam stood at 4.33 million metric tons in 2023. This represents a decline from the previous years, with a year-on-year decrease of 2.46%. The compound annual growth rate (CAGR) over the last 5 years was negative, at -2.35%. Analyzing the full period from 2013 to 2023, the data shows a marked downturn from the peak production years of 2013 to 2015, with a sharp decline subsequently. Forecasts from 2024 to 2028 predict a continuous reduction in maize production, with an expected 5-year CAGR of -2.06%, approximating a 9.89% drop over the period.
Future trends to watch for:
- Investigations into the root causes of the consistent decline, including environmental factors, shifts in agricultural policy, or market dynamics.
- Potential changes in crop management practices or technological innovations aimed at increasing yield efficiency.
- Impact of global maize market trends and domestic consumption patterns on the future forecasts and actual production levels.
