The import of Acrylonitrile-Butadiene Rubber (NBR) latex to the UAE fluctuated significantly from 2013 to 2023, standing at a value of $264.07 thousand USD in 2023. Major variations include a notable decline in 2014 (-18.65%) and sharp increases, such as in 2016 (33.79%) and 2018 (57.89%). Over the past two years, imports rose modestly by 1.88% in 2022 and 1.81% in 2023. The average annual variation over the past five years (CAGR) was negligible at -0.019%, reflecting consistent stability after prior volatility.
Forecasts for 2024 to 2028 predict a steady upward trend with an average annual growth (CAGR) of 1.4%, expecting overall growth of 7.18% by 2028.
Future trends to watch for:
- Market adjustments due to global supply chain changes.
- Technological advancements affecting production and demand.
- Policy changes impacting import regulations and tariffs.
- Shifts in industrial demand within the UAE and surrounding regions.
