Key Market Indicators
Chilean synthetic rubber imports are projected to reach approximately $67 million by 2028, growing at an average annual rate of 0.1% from the $67 million recorded in 2023. This steady demand has remained relatively unchanged since 1995. In contrast, Chilean synthetic rubber exports are expected to decline significantly. By 2028, exports are forecasted to fall to around $338,000, down from $433,000 in 2023, marking an average annual decrease of 3.9%. Over the years since 1995, Chile's supply of synthetic rubber has decreased by about 2.5% annually. In 2023, Chile ranked 51st in synthetic rubber exports, with Morocco surpassing it with the same export value of $433,000. Globally, Thailand, the United States, and Japan held the second, third, and fourth positions, respectively, in this industry.
