The import volume of Styrene-Butadiene Rubber (SBR/XSBR) Latex to Malaysia shows fluctuating trends from 2013 to 2023, reaching 17.383 million kilograms in 2023. The year-on-year changes highlight significant volatility, with notable peaks, for example, in 2017 (86.65%) and dips, such as in 2016 (-32.39%). Over the last five years, the Compound Annual Growth Rate (CAGR) averaged at 2.61%, indicating moderate growth. Forecasts from 2024 to 2028 predict a steady rise, with imports expected to reach 19.162 million kilograms by 2028, reflecting a five-year CAGR of 1.59% and overall growth of 8.21%.
Future trends to watch for include:
- Industrial demand fluctuations due to global market conditions and local manufacturing needs.
- Technological advancements in synthetic rubber production and their impact on import needs.
- Potential regulatory changes affecting imports and environmental considerations.
- Economic factors such as currency strength, trade policies, and raw material availability.
