In 2023, the re-import volume of Acrylonitrile-Butadiene Rubber (NBR), Latex to China stood at 18.90 thousand kilograms. Forecast data from 2024 onward indicates a declining trend, with a year-on-year decrease of 5.68% in 2024, 5.71% in 2025, 5.85% in 2026, and 6.06% in 2027 through 2028. The compound annual growth rate (CAGR) for the period from 2024 to 2028 is estimated at -5.84%, suggesting a consistent downward trajectory over these five years.
Future trends to watch for include:
- Changes in China's industrial demand and production capabilities for NBR, Latex.
- Global market conditions and trade policies potentially impacting re-import levels.
- Technological advancements and innovations in synthetic rubber materials that could affect market dynamics.