The import of Acrylonitrile-Butadiene Rubber (NBR), Latex to China is projected to experience steady growth from 2024 to 2028. The forecasted values indicate an increase from 71.144 million kilograms in 2024 to 79.339 million kilograms by 2028. In 2023, the actual import stood at 69 million kilograms. The year-on-year growth demonstrates a consistent upward trend, reflecting China's increased demand for NBR Latices. The compound annual growth rate (CAGR) over the five-year period is anticipated to be robust, showing a healthy demand trajectory.
Future trends to watch for include:
- Potential shifts in global supply chains affecting availability and pricing of imports.
- Technological advancements in synthetic rubber production that could influence import needs.
- Domestic economic policies that may impact import tariffs and regulations.