Key Market Indicators
Germany's import of synthetic rubber is projected to climb to approximately $1.5 billion by 2028 from about $1.4 billion in 2023, marking a steady annual growth rate of 0.7%. This trend has been consistent since 1996, with demand increasing by 0.7% each year. On the export front, Germany's synthetic rubber market is set to reach around $2 billion by 2028, up from nearly $1.9 billion in 2023. This represents a more robust annual growth rate of 1.3%. The country's supply has shown a stronger historical growth, rising by 1.6% annually since 1996. In 2023, Germany ranked fifth in synthetic rubber exports, with Japan slightly ahead at approximately $1.9 billion. Thailand, the United States, and Japan occupied the second, third, and fourth positions, respectively, in this global ranking.
