In 2023, the import value of Styrene-Butadiene Rubber (SBR/XSBR) Latex to Australia stood at 30 million US Dollars. The forecast data from 2024 to 2028 show a steady annual increase in import value, beginning at 31.128 million USD in 2024 and reaching 36.183 million USD by 2028. Year-on-year percentage variations reflect a consistent growth trend: a 4.2% increase in 2025, a 3.9% increase in 2026, a 3.7% increase in 2027, and a 3.5% increase in 2028. The compound annual growth rate (CAGR) over the five-year period is approximately 4.0%.
Future trends to watch for include potential fluctuations in global supply and demand, shifts in raw material prices, advancements in SBR/XSBR technologies, and changes in trade policies or tariffs that could impact import costs and volumes. Monitoring these factors will be crucial for understanding and responding to future market dynamics.