In 2023, the UK imported approximately 37.5 million kilograms of Styrene-Butadiene Rubber (SBR/XSBR) Latex. The forecasts for 2024 through 2028 show a steady increase, with imports expected to grow year-on-year by about 0.75% to 1% annually. The compound annual growth rate (CAGR) over these five years is approximately 0.72%, indicating a consistent outlook for slight growth in imports.
Future trends to watch for include:
- Potential shifts in global demand and supply, especially from major producing regions.
- Impact of sustainability practices on production and import preferences.
- Technological advancements influencing the types of SBR/XSBR Latex in demand.
- Regulatory changes in the UK and EU that may affect import strategies.