The forecast data for the import of Isobutene-Isoprene (Butyl) Rubber (IIR) to the US from 2024 to 2028 indicates a consistent annual decline. In 2023, the actual import value stood at $49.63 million. From 2024 onwards, the value is predicted to decrease gradually. The projected year-on-year contraction averages a around 1.0% to 2.0% annually, depicting a slight yet steady downward trend over the five-year period. This trend equates to a compound annual growth rate (CAGR) of approximately -1.0% for these years, reflecting sustained diminishing import values.
Future trends to watch include potential shifts in demand for synthetic rubber due to technological advancements or changes in automotive and industrial manufacturing processes. Additionally, economic conditions and sustainable practices may further influence these imports.
