Key Market Indicators
Colombia's synthetic rubber export industry is projected to decline slightly over the next few years. By 2028, the export value is expected to reach approximately $952,000, down from around $978,000 in 2023, marking a 0.4% average annual decrease. Despite this downward trend, Colombia's supply has seen a modest annual growth of 1.2% since 1996. In 2023, Colombia ranked 46th globally in synthetic rubber exports, with Greece surpassing it with the same export value of $978,000. Leading the rankings were Thailand, the United States, and Japan, holding the 2nd, 3rd, and 4th positions respectively. On the import front, Colombia's synthetic rubber imports are also expected to see a decline. By 2028, imports are projected to fall to roughly $45 million from around $48 million in 2023, reflecting a 1% annual decrease. Since 1996, the country's demand for synthetic rubber has decreased at an average rate of 2.2% per year.
