The import of domestic dishwashing machines to Viet Nam exhibited substantial growth over the period from 2013 to 2023, increasing from 4.18 thousand units to 18.46 thousand units in 2023. The imports reached a peak in annual growth in 2017 with a significant 50.57% year-on-year increment. However, the growth rate experienced fluctuations, at times even declining, such as the -3.48% year-on-year change in 2018. For the years 2022 and 2023, the year-on-year variations were 3.21% and 4.91% respectively. Over the last 5 years, the compound annual growth rate (CAGR) was 5.74%.
Looking ahead, forecast data from 2024 through 2028 shows a continuing upward trend in imports, with a forecasted 5-year CAGR of 3.15%, culminating in a total growth rate of 16.77% by 2028. This indicates a steady but slower pace of growth in comparison to the past decade.
Future trends to watch for include technological advancements in dishwashing machines, changing consumer preferences towards more ecologically and economically efficient appliances, and potential shifts in trade policies affecting import dynamics.
