Key Market Indicators
**Pakistani Synthetic Rubber Imports Projected to Hit $148M by 2028** Pakistan's synthetic rubber imports are on a steady rise, with projections suggesting they will reach approximately $148 million by 2028. This represents a significant increase from the estimated $129 million in 2023, marking an average annual growth rate of 2.2%. Since 2008, the demand for synthetic rubber in Pakistan has consistently grown by 2.6% year on year, reflecting the country's increasing industrial needs and expanding manufacturing sector. **Sharp Decline in Pakistani Synthetic Rubber Exports** On the export front, Pakistan is facing a downturn. In 2023, the country's synthetic rubber exports are expected to total around $20,000, down from nearly $26,000 in 2022. This represents a sharp decline of 21.3% year on year. Since 2008, Pakistan's synthetic rubber supply for export has been decreasing at an average annual rate of 18.9%. As of 2023, Pakistan ranks 71st globally in synthetic rubber exports, with Bolivia just ahead at the same export value of approximately $20,000. The leading exporters in this category are Thailand, the United States, and Japan, holding the second, third, and fourth positions respectively.
