The import of Isobutene-Isoprene (Butyl) Rubber (IIR) to Thailand has seen fluctuating growth over the past decade. In 2023, the import volume stood at 30.356 million kilograms. Over the years, imports have shown periods of both increase and decline, with notable growth in 2022 (6.95%) and a slight increase in 2023 (1.54%). The compound annual growth rate (CAGR) for the past five years stands at 1.99%. Looking forward, the import volume is expected to grow steadily, with a forecasted CAGR of 1.22% from 2024 to 2028, leading to a total growth of 6.24% over this period.

Future trends to watch for:

The impact of global supply chain disruptions on rubber imports.
Potential increases in demand driven by automotive and industrial sectors.
Technological advancements in synthetic rubber production influencing market dynamics.
Government policies and trade agreements affecting import tariffs and quotas.