The import of personal deodorants and antiperspirants to Vietnam is expected to show a marginal year-on-year increase from 2024 to 2028. The forecasted data indicate a steady rise in volume from 1.2552 million kilograms in 2024 to 1.2664 million kilograms in 2028. In 2023, the actual import volume stood at slightly below these forecasted values, reflecting a consistent growth trajectory in the sector.
The year-on-year variation percentages are notably small, underscoring a steady but slow growth pattern:- 2024: +0.23%- 2025: +0.23%- 2026: +0.22%- 2027: +0.22%- 2028: +0.21%The compound annual growth rate (CAGR) over the last five years stands at approximately 0.22%, indicating a stable upward trend in imports.
Future trends to watch for:- Increasing urbanization and lifestyle changes leading to higher demand for personal care products.- Potential impact of economic fluctuations and policy changes on import activities.- Rising competition from domestic manufacturers aiming to meet local demand.