Key Market Indicators
Romania's synthetic rubber export industry is projected to experience a significant decline in the coming years. By 2028, the export value is expected to fall to approximately $3.5 million, down from around $4.9 million in 2023. This represents an annual decline of 5% in compound annual growth rate (CAGR). Historically, Romania's synthetic rubber supply has been on a downward trajectory, decreasing by an average of 5.1% per year since 1994. In 2023, the country ranked 40th globally in synthetic rubber exports, with Estonia surpassing it with exports totaling close to $4.9 million. Leading the rankings were Thailand, the United States, and Japan, holding the second, third, and fourth positions, respectively. On the import front, Romania's demand for synthetic rubber is set to rise. By 2028, imports are forecasted to reach approximately $367.5 million, up from around $313.8 million in 2023. This suggests a steady growth rate of 2.5% CAGR. Since 1994, the country's demand for synthetic rubber has increased by an average of 3.5% annually.
