The import of Butadiene Rubber (BR) to Vietnam is forecasted to rise from 87.604 million kilograms in 2024 to 100.36 million kilograms in 2028. In 2023, the volume stood at 85 million kilograms. This showcases a consistent upward trend with the year-on-year variation as follows:
- 2024 vs. 2023: +3.06%
- 2025 vs. 2024: +3.74%
- 2026 vs. 2025: +3.54%
- 2027 vs. 2026: +3.36%
- 2028 vs. 2027: +3.17%
The compound annual growth rate (CAGR) over the forecast period (2024-2028) is approximately 3.37%. This indicates steady growth in the import volume of Butadiene Rubber to Vietnam over the next five years.
Future trends to watch for include potential changes in global rubber supply chains, fluctuations in rubber prices, technological advancements in synthetic rubber production, and Vietnam's evolving industrial demands. Monitoring these factors will be crucial for anticipating shifts in import volumes.