Key Market Indicators
Lithuania's synthetic rubber imports are projected to climb to approximately $4.7 million by 2028, up from around $4.6 million in 2023, marking an average annual growth rate of 0.4%. This growth continues a trend observed since 1999, with demand increasing by an average of 1.4% each year. On the export front, Lithuania's synthetic rubber exports are expected to decrease to about $2.1 million by 2028, down from roughly $2.2 million in 2023. This decline represents an average annual contraction rate of 0.4%. Despite this downward trend, Lithuania has seen its supply grow by 1.4% annually since 1999. In 2023, Lithuania ranked 43rd in synthetic rubber exports. The United Kingdom topped the list with exports valued at $2.2 million, followed by Thailand, the United States, and Japan, which occupied the second, third, and fourth spots, respectively.
