Key Market Indicators
Spain's synthetic rubber imports are projected to decline to approximately $435 million by 2028, down from around $454 million in 2023. This represents an average annual decrease of 0.6%. The trend follows a long-term pattern, with Spanish demand for synthetic rubber dropping by an average of 1.3% per year since 1994. In contrast, Spain's synthetic rubber exports are expected to grow, reaching roughly $347 million by 2028, up from about $317 million in 2023. This marks an annual growth rate of 1.5%. Historical data indicates that Spanish supply has increased by an average of 0.7% per year since 1994. In 2023, Spain ranked 16th globally in synthetic rubber exports, with the Czech Republic leading at around $317 million. Thailand, the United States, and Japan followed in the second, third, and fourth positions, respectively.
