In reviewing the forecast for primary oilseeds production in Vietnam, current data indicates a steady increase from 2024 to 2028. The production volumes in thousand metric tons are projected to rise incrementally, with significant year-on-year growth percentages. A notable historical reference is the production value in 2023, which stood at 385.89 thousand metric tons. The forecasted growth maintains a consistent upward trend over the five-year span.
The year-on-year variations are:
- From 2024 to 2025: 0.73%
- From 2025 to 2026: 0.71%
- From 2026 to 2027: 0.69%
- From 2027 to 2028: 0.67%
The average compound annual growth rate (CAGR) over the last five years from 2023 to 2028 is estimated at approximately 0.67%, showcasing a modest but steady increase in production.
Future trends to watch for would include potential impacts of technological advancements in agriculture, fluctuations in global oilseed demand and prices, and government policies on farming and trade. Monitoring these factors will be crucial for understanding future shifts in oilseed production.
