The forecast for the import of Styrene-Butadiene Rubber (SBR/XSBR) to India from 2024 to 2028 shows a steady decline in value from 225.25 million USD in 2024 to 209.61 million USD in 2028. Compared to 2023, there is a noticeable downtrend, indicating a slow reduction in imports over these years. Year-on-year percentage change reveals a consistent decrease: 2025 sees around a 1.79% drop, 2026 a 1.79%, 2027 a similar trend, and 2028 continues this pattern. The average annual reduction over the five years (CAGR) further confirms this gradual decline.
The forecast suggests a continual decrease in import volumes, likely attributed to local production boosts, alternative rubber adoption, or shifts in demand. Future trends to watch include technological advancements in rubber manufacturing, competitive pricing from global producers, shifts in regulatory policies, and changes in domestic demand for SBR-related products.
