The import of Acrylonitrile-Butadiene Rubber (NBR), except as latex, to India shows a steady upward trend from 2024 to 2028, with values projected at $131.51 million in 2024, increasing to $150.71 million by 2028. In 2023, the import value stood at $126 million, marking consistent growth in demand. The year-on-year growth reflects an increment of approximately 3.76% in 2025, 3.55% in 2026, 3.37% in 2027, and 3.18% in 2028. The compound annual growth rate (CAGR) over the five-year period is estimated at around 3.60%.
Future trends to watch for include increased demand from the automotive and industrial sectors, which could drive further growth. Additionally, evolving import policies, economic conditions, and potential supply chain disruptions due to geopolitical events may impact future import levels. Monitoring these factors will be essential for accurate forecasts and strategic planning.
