The export of frozen vegetables from Viet Nam in 2023 stood at 46.086 million USD, reflecting an increase of 4.15% year-on-year. Over the last two years, this sector experienced moderate positive trends with values rising by 4.42% in 2022. The Compound Annual Growth Rate (CAGR) over the last five years (2018-2023) was recorded at 4.77%, indicating a steady growth trajectory. Future forecasts suggest continued growth, albeit at a slower annual average rate of 2.97% CAGR from 2024 to 2028, resulting in a total forecasted increase of 15.76% over these five years.
Future trends to watch for include the impact of global economic conditions on demand for frozen vegetables, potential changes in trade policies, and the growth of sustainable and organic frozen vegetable markets.
