Key Market Indicators
Argentina's synthetic rubber export is projected to plummet to approximately $1 million by 2028, a significant decline from $11 million in 2023. This represents an average annual decrease of 35%. Since 1998, Argentina's synthetic rubber supply has been dwindling at an average rate of 11% per year. In the global rankings for 2023, Argentina placed 31st. Denmark led the ranking with $11 million in exports, while Thailand, the United States, and Japan secured the 2nd, 3rd, and 4th spots, respectively. On the import front, Argentina's synthetic rubber imports are expected to see a modest increase, reaching about $101 million by 2028 from $101 million in 2023. This growth translates to a compound annual growth rate (CAGR) of 0.1%. Since 1998, Argentina's demand for synthetic rubber has risen by an average of 0.3% per year.
