In 2023, the import value of Acrylonitrile-Butadiene Rubber (NBR) latex to Malaysia stood at 978.59 million USD. In recent years, the import value showed significant increases, particularly in 2021 and 2022. The year-on-year variation over the past two years was 5.23% in 2022 and 4.87% in 2023. The CAGR over the last five years up to 2023 was 4.46%, indicating a steady upward trend, albeit slower compared to the period before 2020.
Forecasted data suggests continued growth, with imports reaching 1216.2 million USD by 2028, growing at a CAGR of approximately 3.41% over the next five years. This reflects a moderate yet sustained increase in import value, suggesting consistent demand.
Future trends to watch for:
• Ongoing technological advancements in rubber products could drive higher demand.• Economic policies impacting trade balances and local manufacturing capacities.• Global supply chain fluctuations and pricing changes in raw materials.• Environmental regulations affecting the NBR latex market.
