Key Market Indicators
Burmese Synthetic Rubber Export is projected to reach approximately $39 million by 2028, up from around $30 million in 2023. This signifies an average annual growth rate of 4.3%. Since 2016, the country's supply has increased by 2% each year. In the global ranking for 2023, Myanmar stood at 26th position, with the United Arab Emirates leading the chart at nearly $30 million. Thailand, the United States, and Japan followed in the second, third, and fourth positions respectively. On the import side, Burmese Synthetic Rubber Import is expected to rise to approximately $9.4 million by 2028, from around $7.3 million in 2023. This indicates an average annual growth rate of 4%. Since 2015, Burma's demand for synthetic rubber has grown by 5% annually.
