Key Market Indicators
Vietnam's synthetic rubber imports are projected to soar to approximately $839 million by 2028, up from around $713 million in 2023. This marks a steady annual growth rate of 2.6%. Historical data since 2005 reveals a consistent year-on-year increase in demand of 4.1%. On the export front, Vietnam's synthetic rubber shipments are expected to reach about $2.1 billion by 2028, rising from $1.67 billion in 2023. The export market is anticipated to grow at an average annual rate of 4%. Since 2006, the country's synthetic rubber supply has shown an impressive year-on-year growth rate of 7%.
