Key Market Indicators
Peru's import of synthetic rubber is projected to hit $40 million by 2028, up from $39 million in 2023. This marks an average annual growth rate of 0.4%. Since 1997, the country's demand for synthetic rubber has increased at an average rate of 0.9% per year. On the export front, Peru's synthetic rubber shipments are expected to rise to $369,000 by 2028, compared to $335,000 in 2023. This represents an average annual growth rate of 1.6%. Since 1999, Peruvian exports of synthetic rubber have grown by 2.4% each year. In 2023, Peru ranked 56th in synthetic rubber exports, with Latvia surpassing it at $335,000. Globally, Thailand, the United States, and Japan held the second, third, and fourth spots, respectively, in synthetic rubber exports.
