Key Market Indicators
Croatia's synthetic rubber import market is projected to decline significantly over the next five years. According to recent data, imports are expected to drop from approximately $3.8 million in 2023 to around $3 million by 2028. This represents a compound annual growth rate (CAGR) decline of 3.7%. Historical trends indicate that Croatian demand for synthetic rubber has been waning, with a year-on-year decrease of 5.1% since 1997. On the export side, Croatia's synthetic rubber market is also facing a downturn. Exports are forecasted to fall from roughly $174,000 in 2023 to about $128,000 by 2028, marking an average annual decline of 4.8%. The country's synthetic rubber supply has decreased by 1.9% annually since 1997. In 2023, Croatia ranked 60th in synthetic rubber exports, with Bahrain slightly ahead at the same value of $174,000. Leading the global rankings were Thailand, the United States, and Japan, securing the second, third, and fourth positions, respectively.
