Forecast: Import of Synthetic Rubber to Viet Nam

The import of synthetic rubber to Vietnam is projected to grow steadily from 2024 through 2028. Starting with a value of 737.33 million USD in 2024, the forecasts indicate an increase to 839.39 million USD by 2028. The year-on-year variation shows incremental growth rates of 3.57% between 2024 and 2025, 3.38% from 2025 to 2026, 3.20% for 2026 to 2027, and 3.04% from 2027 to 2028. Compared to 2023, when the actual import value is assumed to be available, the compound annual growth rate (CAGR) over the five-year period is approximately 4.2%.

Future trends to watch for include:

  • Raw material price fluctuations impacting import costs.
  • Global demand trends for synthetic rubber, especially from key industries such as automotive and manufacturing.
  • Trade policies and tariff regulations that might affect import volumes and values.
  • Technological advances in production efficiency and rubber substitutes.