Key Market Indicators
Japan's Synthetic Rubber Export is projected to hit approximately $2.56 billion by 2028, up from around $2.44 billion in 2023. This growth represents an average annual increase of 0.8%. However, it is noteworthy that since 1993, Japan's supply has experienced a slight annual decline of 0.1%. In the global ranking for 2023, Japan held the fourth position in synthetic rubber exports. The United States led the rankings with exports valued at $2.44 billion. Thailand and the United States secured the second and third spots, respectively, ahead of Japan. Meanwhile, Japan's Synthetic Rubber Import is expected to decrease to about $388 million by 2028 from roughly $402 million in 2023. This decline averages 0.5% per year. Since 1993, Japan's demand for synthetic rubber has seen a yearly reduction of 0.9%.
