The import of Acrylonitrile-Butadiene Rubber (NBR) Latex to South Korea has shown significant fluctuations since 2013. In 2023, imports stood at 0.80237 million kilograms. Over the last two years, the year-on-year variations were minimal, at -0.13% for both 2022 and 2023. The Compound Annual Growth Rate (CAGR) over the past five years was -0.86%, indicating a slight declining trend.
Future forecasts suggest a continued minor decline, with a projected 5-year CAGR of -0.11% from 2024 to 2028 and an overall forecasted growth rate of -0.53% over the same period. These trends indicate a stabilization with slight downward adjustments in import volumes.
Future trends to watch for:
- Potential impacts of global supply chain disruptions on NBR Latex imports.
- Shifts in domestic demand due to changes in industrial applications or advancements in alternative materials.
- Regulatory changes affecting import policies or environmental standards.