Key Market Indicators
Finland's synthetic rubber export market is projected to decline significantly, with revenues expected to fall to approximately $15 million by 2028 from around $21 million in 2023. This represents a year-on-year compound annual growth rate (CAGR) decline of 5.5%. The country's synthetic rubber supply has been on a downward trend since 1993, decreasing by an average of 4.8% annually. In 2023, Finland ranked 28th globally in synthetic rubber exports, with Serbia marginally ahead at the same revenue level of $21 million. Leading the global rankings were Thailand, the United States, and Japan, occupying the second, third, and fourth positions respectively. On the import front, Finland's synthetic rubber market is also expected to shrink slightly. Imports are forecasted to decrease to nearly $57 million by 2028 from about $59 million in 2023, marking an average annual decline of 0.5%. Since 1993, the nation’s demand for synthetic rubber has fallen by an average of 0.7% per year.
