Key Market Indicators
Australia's synthetic rubber export market is projected to reach approximately $6.3 million by 2028, up from around $5.9 million in 2023. This growth represents an average annual increase of 1.1%. However, it is noteworthy that since 1993, Australia's supply of synthetic rubber has seen a yearly decline of 4.9%. In 2023, Australia ranked 38th in the global synthetic rubber export market, with Slovenia surpassing it, matching Australia's $5.9 million export value. Leading the rankings were Thailand, the United States, and Japan, securing the second, third, and fourth spots respectively. On the import front, Australia's synthetic rubber market is expected to reach roughly $125.6 million by 2028, up from about $114.1 million in 2023. This marks an average annual growth rate of 1.6%. Since 1993, the demand for synthetic rubber in Australia has increased at an average rate of 1.7% per year.
