The forecasted import of Styrene-Butadiene Rubber (SBR/XSBR) Latex to China indicates a steady increase from 111.41 million kilograms in 2024 to 117.41 million kilograms in 2028. This continuing growth trend builds on the previous years, following actual imports of 109.9 million kilograms in 2023. Year-on-year percentage growth demonstrates a consistent annual increase of around 1.4% to 1.7% over the forecast period. Specifically, notable increases include 2024 to 2025 at 1.4%, 2025 to 2026 at 1.3%, 2026 to 2027 at 1.3%, and 2027 to 2028 at 1.3%. The Compound Annual Growth Rate (CAGR) over the 5-year period from 2023 to 2028 is approximately 1.5%, signifying moderate but consistent growth.
Looking forward, potential trends to monitor within the SBR/XSBR Latex import market could include shifts in global supply chain dynamics, technological advancements in synthetic rubber production, environmental regulations impacting material preferences, and trade policies influencing import levels. Additionally, the automotive and tire industries' demand and innovations may further shape import volumes and market behavior in the coming years.
