Forecast: Import of Butadiene Rubber (BR) to Malaysia

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.

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