The import of Butadiene Rubber (BR) to Malaysia has shown significant fluctuations over the years. In 2023, the import volume was 24.987 million kilograms. From 2013 to 2022, the year-on-year variation ranged between -16.01% and 16.7%, highlighting periods of both decline and growth. The most recent data from 2023 indicates a slight increase of 1.81% over the previous year. Over the last five years, the compound annual growth rate (CAGR) from 2018 to 2023 settled at approximately 4.05%. Future forecasts suggest a steady upward trend, with an estimated CAGR of 1.41% from 2024 to 2028, reaching a volume of 27.234 million kilograms by 2028.
Future trends to watch for include:
- Global economic conditions influencing raw material availability and cost.
- Technological advancements in synthetic rubber and potential substitutes.
- Regulatory changes and environmental policies affecting production and import processes.
- Fluctuations in demand from key industries such as automotive and construction.