Key Market Indicators
**Hungarian Synthetic Rubber Imports to Hit $453 Million by 2028** Hungary's synthetic rubber imports are projected to escalate to approximately $453 million by 2028, up from around $407 million in 2023. This marks an average annual growth rate of 1.7%. Since 1997, the demand for synthetic rubber in Hungary has consistently risen, registering an annual growth rate of 2.1%. **Exports Expected to Reach Nearly $155 Million** On the export front, Hungary's synthetic rubber shipments are anticipated to reach close to $155 million by 2028, increasing from about $151 million in 2023. This represents an average annual growth rate of 0.5%. Since 1997, Hungary's supply of synthetic rubber has seen a modest annual growth rate of 0.2%. In 2023, Hungary ranked 20th in the world for synthetic rubber exports, with Canada surpassing it at approximately $151 million. In the global ranking, Thailand, the United States, and Japan held the 2nd, 3rd, and 4th positions, respectively.
