Key Market Indicators
Ecuador's synthetic rubber export is projected to decline, reaching approximately $43,000 by 2028. This marks a decrease from around $54,000 in 2023, with an annual compound growth rate (CAGR) of -3.6%. The country's supply has been on a downward trend since 1997, decreasing by 7% year on year. In 2023, Ecuador ranked 67th globally in synthetic rubber exports, with Bosnia and Herzegovina surpassing it with a similar export value of $54,000. Leading the global rankings were Thailand, the United States, and Japan, in that order. On the import side, Ecuador's synthetic rubber import is expected to reach roughly $15.9 million by 2028, down from $16.6 million in 2023. This represents a slight annual decline of 0.6% in CAGR. However, since 1996, the country's demand for synthetic rubber has shown a marginal increase of 0.1% year on year.
