In 2023, the import volume of Styrene-Butadiene Rubber (SBR/XSBR) Latex to Viet Nam stood at 8.93 million kilograms. Forecasts indicate an upward trend, with projected imports increasing to 9.23 million kilograms in 2024 and reaching 10.436 million kilograms by 2028.
Year-on-year percentage variations highlight consistent growth:
- 2024: +3.36%
- 2025: +3.36%
- 2026: +3.19%
- 2027: +3.02%
- 2028: +2.89%
The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is 3.16%, indicating steady growth in the demand for SBR/XSBR Latex.
Future trends to watch for include advancements in rubber technology, shifts in production capacities, changes in regulatory environments, and fluctuations in raw material prices. These factors could influence future import volumes and market dynamics.
