Key Market Indicators
Luxembourg's synthetic rubber exports are projected to hit approximately $58.6 million by 2028, up from around $53.8 million in 2023. This marks an average annual growth rate of 1.4%. Since 2004, the country's supply of synthetic rubber has increased by an average of 3.1% per year. In 2023, Luxembourg ranked 24th in the world for synthetic rubber exports, with Brazil surpassing it by achieving the same value of $53.8 million. Thailand, the United States, and Japan occupied the second, third, and fourth positions, respectively. On the import side, Luxembourg's synthetic rubber imports are expected to reach about $135.3 million by 2028, up from approximately $124.5 million in 2023. This also represents an annual growth rate of 1.4%. Since 2004, the demand for synthetic rubber in Luxembourg has seen an average annual increase of 1.6%.
