Key Market Indicators
Norwegian Synthetic Rubber Import is projected to decline to approximately $12.6 million by 2028, down from around $12.9 million in 2023. This marks a compound annual growth rate (CAGR) decrease of 0.3% year on year. Historical data since 1998 reveals a consistent downward trend in demand, averaging a 1.5% decline annually. Conversely, Norwegian Synthetic Rubber Export shows a positive outlook. Exports are set to rise to an estimated $3.9 million by 2028, up from $3.7 million in 2023, reflecting a CAGR increase of 0.9% year on year. Since 1998, the country's supply has surged by 4% annually. In global rankings for 2023, Norway held the 41st position in synthetic rubber exports, surpassed by Romania, which matched Norway's figure of $3.7 million. Leading the rankings were Thailand, the United States, and Japan, occupying the second, third, and fourth spots respectively.
