Key Market Indicators
Saudi Arabia's synthetic rubber exports are projected to surge to approximately $286 million by 2028, up from around $220 million in 2023. This reflects a compound annual growth rate (CAGR) of 4.1%. Since 1996, the nation's supply has seen an annual increase of 5.8%. In 2023, Saudi Arabia ranked 18th globally in synthetic rubber exports. The Netherlands topped the list with exports matching Saudi Arabia's $220 million. Thailand, the United States, and Japan occupied the second, third, and fourth positions, respectively. On the import front, Saudi Arabia's synthetic rubber imports are expected to reach nearly $55 million by 2028, rising from about $53 million in 2023. This indicates an average annual growth rate of 0.6%. Since 1996, the country's demand for synthetic rubber has increased by 1.5% annually.
