The import value of Styrene-Butadiene Rubber (SBR/XSBR) Latex to Thailand over the past decade shows significant fluctuations. Initially, from 2013 to 2016, there was a decreasing trend with an overall drop of approximately 15%. However, the trend reversed in 2017 with a notable 26% increase, followed by instability until 2020. The import value fell sharply by 17.55% in 2020 but rebounded somewhat in 2021 with a 13.71% increase and continued a modest growth into 2022. By 2023, the value reached $13.66 million, slightly down by 0.64% from 2022.
The future trend forecasts indicate a steady decline, with an average CAGR of -0.53% expected over the next five years, predicting a reduction to $13.162 million by 2028. Key variations over the past five years indicate moderate fluctuations with no significant upsurge.
Future trends to watch for include potential impacts from global supply chain disruptions, shifts in demand from key industries such as automotive and construction, and technological advancements in synthetic rubber alternatives that may affect import volumes. Environmental regulations and sustainability efforts may also influence the demand dynamics for SBR/XSBR latex in Thailand.
