Key Market Indicators
Belgium is poised to see its synthetic rubber export market grow to approximately $1.47 billion by 2028, up from around $1.42 billion in 2023. This reflects an average annual growth rate of 0.6%. Since 2004, Belgium's supply of synthetic rubber has experienced a modest annual increase of 0.2%. In 2023, Belgium ranked eighth in global synthetic rubber exports. Singapore led the market with exports valued at roughly $1.42 billion, followed by Thailand, the United States, and Japan occupying the second, third, and fourth spots respectively. On the import side, Belgium's synthetic rubber market is expected to reach about $1.36 billion by 2028, growing from approximately $1.26 billion in 2023. This represents a compound annual growth rate (CAGR) of 1.4%. Since 2004, Belgian demand for synthetic rubber has increased by an average of 1.5% annually.
