The import value of Styrene-Butadiene Rubber (SBR/XSBR) Latex to the UAE has shown fluctuations over the past years. In 2023, the import value stood at $26.742 million USD. Key variations include a significant increase in 2017 by 39.47% and a notable decrease in 2020 by 16.93%. Over the last two years, the year-on-year variation was 5.35% in 2022 and a marginal increase of 0.081% in 2023. The five-year Compound Annual Growth Rate (CAGR) shows minimal growth at 0.19%.
Future trends to watch for include a forecasted stable growth averaging a 0.08% CAGR up to 2028 with a slight overall increase of 0.39%. This suggests a mature market with potentially stable demand and limited volatility.
