The forecast for the import of Technically Specified Natural Rubber (TSNR) to the US shows a declining trend, with values decreasing from $1.2667 billion in 2024 to $1.1456 billion in 2028. Considering the actual import value for 2023 was $1.297 billion, the year-on-year variation indicates a gradual decrease. Specifically, the expected reduction from 2024 to 2028 reflects an average Compound Annual Growth Rate (CAGR) of -2.5% over the forecast period.
Future trends to watch for:
- Ongoing technological and sustainability developments in synthetic rubber could affect TSNR demand.
- Potential economic fluctuations and trade policies may influence import volumes and values.
- Rising environmental concerns and regulations may impact the natural rubber industry.