Key Market Indicators
**Malaysian Synthetic Rubber Export Projected to Hit $1.74 Billion by 2028** KUALA LUMPUR – Malaysia's synthetic rubber export industry is projected to reach approximately $1.74 billion by 2028, marking an increase from about $1.38 billion in 2023. This growth represents an average annual increase of 3.7% over the five-year period. Since 1994, Malaysia's synthetic rubber supply has seen a steady annual growth rate of 7.6%. In 2023, Malaysia ranked ninth globally in synthetic rubber exports. Belgium surpassed Malaysia with exports valued at roughly $1.38 billion. The leading nations in this sector were Thailand, the United States, and Japan, occupying the second, third, and fourth positions respectively. **Synthetic Rubber Imports to Grow to $1.73 Billion by 2028** Malaysia's synthetic rubber imports are also anticipated to rise, reaching about $1.73 billion by 2028, up from around $1.45 billion in 2023. This reflects an average annual growth rate of 2.8%. Since 1994, the country's demand for synthetic rubber has grown at an average annual rate of 3.4%, underscoring the increasing reliance on imported synthetic rubber to meet domestic needs.
