In 2023, the import value of natural rubber latex, including prevulcanised, to the US was $39 million. Forecasts for the period 2024-2028 indicate a decreasing trend, with values declining from $35.712 million in 2024 to $21.827 million in 2028. This reflects a significant year-on-year decrease, with an average annual contraction rate over the five years (CAGR) of approximately 9.88%.
Future trends to watch:
- Shifts in global rubber production affecting supply.
- Technological advancements in synthetic rubber alternatives.
- Impact of environmental regulations and sustainability initiatives.
