The import of fresh strawberries to Vietnam has seen remarkable growth over the past decade, increasing from $118.82K in 2013 to $2740.9K in 2023. This represents significant growth, although with fluctuations in certain years. Notably, from 2016 to 2017, there was a dramatic increase of 283.57%, followed by a slower yet steady rise in recent years. The year-on-year variation for 2022 and 2023 was 6.29% and 5.8%, respectively. The CAGR over the last five years (2018-2023) stands at 6.95%.
Future trends indicate a continuing, though more moderate, upward trajectory with forecasted imports reaching $3448K by 2028. The forecast CAGR for the next five years (2024-2028) is projected at 3.61%, suggesting stable yet slowed growth compared to previous years.
Bullets to consider for future trends:
- Market demand for premium and organic strawberries
- Potential trade policies impacting import costs
- Technological advances in supply chain management
- Economic conditions influencing consumer purchasing power
