The import of Styrene-Butadiene Rubber (SBR/XSBR) to Malaysia has fluctuated over the past decade, displaying distinct trends. From 2013 to 2023, the volume varied significantly, peaking at 49.455 million kilograms in 2013 and gradually decreasing to 38.934 million kilograms in 2023. The annual variations reveal a mix of increases and decreases, with notable declines in 2014 and 2020 and smaller growth periods in 2015, 2019, 2021, and 2022. Over the last two years before 2023, the import volume slightly decreased with -0.43% year-on-year variation in 2023 and showed a modest increase from the previous year. The last 5-year CAGR was 0.47%, indicating a relatively stagnant market.
The forecast for 2024 to 2028 suggests a gradual declining trend. The import volume is projected to decrease slightly each year, resulting in an overall decline by 2028. The forecasted 5-year CAGR from 2024 to 2028 stands at -0.35%, reflecting a minor negative growth rate.
Future trends to watch for include global economic conditions, fluctuations in demand for automotive and industrial applications, potential shifts in trade policies, and advancements in alternative rubber materials. These factors could influence the import volumes significantly in the coming years.