Key Market Indicators
Austrian imports of synthetic rubber are projected to decline to approximately $67.5 million by 2028, down from around $76.8 million in 2023. This represents an average annual decrease of 2%. Since 2008, Austria's demand for synthetic rubber has been falling by an average of 2.9% each year. Conversely, Austria's exports of synthetic rubber are expected to increase, reaching about $18.1 million by 2028, up from roughly $14.9 million in 2023. This growth translates to an annual compound growth rate (CAGR) of 3.1%. Since 1999, Austria's supply of synthetic rubber has grown at an average rate of 2.7% per year. In 2023, Austria ranked 29th in synthetic rubber exports, with Finland surpassing it at approximately $14.9 million. Leading the global rankings were Thailand, the United States, and Japan in second, third, and fourth places, respectively.
