The import of Acrylonitrile-Butadiene Rubber (NBR), Latex to Finland experienced significant fluctuations over the past decade. The value peaked in 2013 but then saw a general declining trend from 2014 to 2016. A modest recovery occurred in 2017 and continued relatively stable until 2019, followed by a dip in 2020. From 2021 onwards, the import value began to rise steadily, indicating a recovery and growth pattern up to 2023. As of 2023, the import value stood at approximately 193.74 thousand USD.
Year-on-year variation over the last two years showed an increase of 3.19% from 2022 to 2023 and 3.36% from 2021 to 2022. The Compound Annual Growth Rate (CAGR) over the past five years up to 2023 was 4.21%.
Future trends suggest a consistent increase in import value, with a forecasted 5-year CAGR of 2.35% and an overall growth rate of 12.33% by 2028. This suggests stable and continued incremental growth in the Finnish market for NBR latex imports.
Future trends to watch for:
- Supply chain stability and international trade policies affecting NBR latex import volumes.
- Technological advancements and demand changes in industries using NBR latex.
- Potential shifts in production locations and global market dynamics for rubber products.
