Key Market Indicators
Uruguay's Synthetic Rubber Export to Surge 3.3% Annually, Reaching $243K by 2028 Uruguay's synthetic rubber export is projected to hit approximately $243,000 by 2028, up from $197,000 in 2023. This marks an average annual growth rate of 3.3%. Since 1999, the nation's supply of synthetic rubber has increased steadily, averaging a 3.8% rise each year. In 2023, Uruguay ranked 58th in global synthetic rubber exports, with Kazakhstan surpassing it at $197,000. Leading the global rankings are Thailand, the United States, and Japan, occupying the second, third, and fourth spots respectively. In contrast, Uruguay's synthetic rubber imports are expected to decline significantly. By 2028, imports are forecasted to drop to around $6.2 million from $16.3 million in 2023, reflecting a compound annual growth rate (CAGR) of -15.3%. Since 1999, the demand for synthetic rubber in Uruguay has seen a consistent annual decline of 7.9%.
