Key Market Indicators
Filipina Synthetic Rubber Imports are projected to climb to approximately $77 million by 2028, up from around $68 million in 2023. This reflects an average annual growth rate of 2.1%. Historical data indicates that since 2001, the demand for synthetic rubber in the Philippines has increased by an average of 2.6% each year. On the export front, Filipina Synthetic Rubber Exports are expected to rise to nearly $9.5 million by 2028 from about $7.3 million in 2023, marking an average annual growth rate of 4.1%. Since 2001, the supply of synthetic rubber from the Philippines has grown by an average of 3.3% annually. In 2023, the Philippines ranked 34th in synthetic rubber exports, with Slovakia just ahead at approximately $7.3 million. In the global rankings, Thailand, the United States, and Japan held the second, third, and fourth positions, respectively.
