The import of Butadiene Rubber (BR) to Finland has shown substantial fluctuation over the past decade. Peak imports were observed in 2013 at around $12.885 million, followed by a significant decline to $5.3298 million in 2016. The period from 2017 to 2023 saw relative stability, with values oscillating between $8.9088 million and $11.736 million. In 2023, the import value stood at approximately $10.68 million. Recent trends indicate a slight decline, as observed in the 0.16% decrease from 2022 to 2023. The five-year Compound Annual Growth Rate (CAGR) for 2019-2023 is -1.87%.
Future forecasts from 2024 to 2028 predict a marginal decline in imports, with the five-year CAGR projected at -0.12%, leading to an estimated value of $10.557 million by 2028. The overall growth rate for this forecast period is expected to be -0.62%.
Future trends to watch for include global economic conditions impacting the chemical industry, potential shifts in demand for synthetic rubbers, and technological innovations in the automotive and manufacturing sectors. International trade policies and sustainability regulations may also influence the import patterns of Butadiene Rubber.
