Key Market Indicators
Brazil's Synthetic Rubber Exports are projected to plummet to approximately $69 million by 2028, a sharp decline from the $111 million recorded in 2023. This represents a compound annual growth rate (CAGR) decrease of 7.4% year on year. The export figures have been on a downward trend since 1994, falling by an average of 3.6% annually. In the global ranking for 2023, Brazil held the 23rd spot, with India surpassing it at the same $111 million mark. Leading the pack were Thailand, the United States, and Japan, occupying the second, third, and fourth positions, respectively. On the import front, Brazil's Synthetic Rubber Imports are expected to rise modestly. By 2028, imports are projected to reach around $602 million, up from $575 million in 2023, reflecting an annual growth rate of 0.8%. This upward trend has been consistent since 1994, with Brazilian demand increasing by an average of 0.8% each year.
