Key Market Indicators
Mexico's synthetic rubber imports are projected to climb to nearly $581 million by 2028, up from approximately $516 million in 2023. This marks an annual growth rate of 1.9%. The demand for synthetic rubber in Mexico has been increasing steadily by an average of 2.2% per year since 1995. Conversely, Mexico's synthetic rubber exports are expected to decline significantly. By 2028, exports are set to drop to around $100 million, down from roughly $139 million in 2023, representing an annual decrease of 5.1%. The country's supply has been dwindling at an average rate of 5.7% per year since 1995. In the global ranking for synthetic rubber exports in 2023, Mexico held the 21st position. Hungary outpaced Mexico with exports valued at $139 million. Leading the rankings were Thailand, the United States, and Japan, occupying the second, third, and fourth spots, respectively.
