Key Market Indicators
China's synthetic rubber exports are projected to reach approximately $921 million by 2028, up from $797 million in 2023. This marks an average annual growth rate of 2.3%. Since 1997, China's supply of synthetic rubber has grown at an average annual rate of 2.2%. In 2023, China ranked tenth in global synthetic rubber exports, with Malaysia leading the ranking at $797 million. Thailand, the United States, and Japan held the second, third, and fourth spots, respectively. On the import side, China's synthetic rubber imports are expected to climb to roughly $11.4 billion by 2028, compared to $9.6 billion in 2023. This represents an average annual growth rate of 2.8%. Since 1997, Chinese demand for synthetic rubber has surged by an average of 4.7% per year.
