Key Market Indicators
Portugal's synthetic rubber imports are projected to reach approximately $211 million by 2028, up from $194 million in 2023. This marks an annual growth rate of 1.4%. Since 1993, the country's demand for synthetic rubber has risen by an average of 1.7% each year. On the export front, Portuguese synthetic rubber is expected to achieve around $6.4 million by 2028, a slight increase from $6.3 million in 2023. This represents an average annual growth rate of 0.3%. Over the past three decades, Portugal's supply has grown by 1.4% annually. In the global market, Portugal ranked 36th in synthetic rubber exports in 2023. Sweden surpassed Portugal in the same year with exports valued at approximately $6.3 million. Leading the global rankings were Thailand, the United States, and Japan, occupying the second, third, and fourth positions, respectively.
