The import of cheese and curd to Vietnam stood at 55.519 million USD in 2023. Forecasted values for subsequent years indicate a steady increase: 57.698 million USD in 2024, 59.934 million USD in 2025, 62.125 million USD in 2026, 64.273 million USD in 2027, and 66.377 million USD in 2028. This reflects a year-on-year growth rate of approximately 3.9% from 2023 to 2024, and similar growth rates of about 3.9% to 4% over the ensuing years.
Future trends to watch for:
- Increasing demand for Western food products among the rising middle class.
- Impacts of trade policies and tariffs on import prices.
- Expansion of retail and foodservice sectors in Vietnam, bolstering demand for dairy products.
- Potential for increased local production, which could affect import levels.