Key Market Indicators
Sweden's synthetic rubber export market is projected to decline to approximately $5.9 million by 2028, down from $6.5 million in 2023. This represents an annual decrease of 1.5%, according to recent data. Since 1997, the nation's synthetic rubber supply has diminished by an average of 1.3% per year. In 2023, Sweden ranked 35th globally in synthetic rubber exports, with the Philippines surpassing it by reaching the same export value of $6.5 million. Leading the global rankings were Thailand, the United States, and Japan in the second, third, and fourth positions, respectively. On the import side, Sweden's synthetic rubber market is also on a downward trend. Imports are expected to fall to around $83.8 million by 2028, a decrease from $90 million in 2023. This marks an average annual decline of 1.1%. Since 1997, Swedish demand for synthetic rubber has decreased by 1.5% annually.
