Key Market Indicators
The import of synthetic rubber in Bulgaria is projected to surge to approximately $32 million by 2028, marking an increase from about $28 million in 2023. This growth is driven by a compound annual growth rate (CAGR) of 2.2%. Since 2001, the demand for synthetic rubber in Bulgaria has been on a steady rise, increasing at an average rate of 1.8% annually. On the export front, Bulgaria experienced a significant decline in 2018. The value of synthetic rubber exports plummeted by 52.3%, dropping to roughly $1 million from about $2.2 million in 2017. Despite this sharp decline, Bulgaria's overall supply of synthetic rubber has shown a robust increase since 2001, with an average annual growth rate of 5.1%.
