Key Market Indicators
The Czech synthetic rubber export market is projected to reach approximately $398 million by 2028, up from $351 million in 2023. This represents an average annual growth rate of 2%. Since 1998, the country's synthetic rubber supply has increased by 1.4% annually on average. In 2023, the Czech Republic ranked 15th globally in synthetic rubber exports. Indonesia led the way with $351 million, while Thailand, the United States, and Japan occupied the second, third, and fourth spots, respectively. On the import side, the Czech synthetic rubber market is expected to grow to around $310 million by 2028, up from $295 million in 2023. This marks an average annual growth rate of 0.8%. However, since 1998, demand for synthetic rubber in the Czech Republic has declined by 1.2% each year on average.
