The actual import volume of Acrylonitrile-Butadiene Rubber (NBR) to Malaysia in 2023 stood at 9.8707 million kilograms. Over the past decade, the imports have shown significant variability, with notable peaks in 2017 and 2021. The year-on-year variation for the past two years highlights a lower growth rate—2.79% in 2022 and 2.66% in 2023. The compound annual growth rate (CAGR) over the last five years up to 2023 is 2.86%. Moving forward, the forecast period from 2024 to 2028 indicates a more stable growth trajectory, with a forecast CAGR of 1.99% and an overall growth of 10.38%.
Future trends to watch for include:
- Increasing global demand for NBR in various applications such as automotive, industrial, and consumer goods, potentially spurring higher import volumes.
- Technological advancements in synthetic rubber production, which could influence both demand and supply dynamics.
- Economic conditions and trade policies in Malaysia and its trading partners that may impact import activities.
