Key Market Indicators
Russia's synthetic rubber export is projected to hit nearly $1.83 billion by 2028, up from around $1.77 billion in 2023, marking an average annual growth rate of 0.6%. Historical data shows a steady annual increase of 0.5% in Russian supply since 2001. In 2023, Russia ranked sixth among global synthetic rubber exporters. Germany surpassed Russia with exports valued at approximately $1.77 billion. Following Germany, Thailand, the United States, and Japan secured the second, third, and fourth positions, respectively. On the import front, Russia's synthetic rubber imports are expected to reach nearly $258 million by 2028, up from about $232 million in 2023. This represents an average annual growth of 1.7%. Since 2001, Russian demand for synthetic rubber has grown at an average rate of 2.1% per year.
