Thailand Synthetic Rubber Industry Outlook 2022 - 2026

Key Market Indicators

Thailand is forecast to become the second-largest synthetic rubber exporter and fifth-largest importer in the world by 2026. Exports of synthetic rubber from Thailand are projected to reach $3.7 billion by 2026, up from $2.8 billion in 2021, representing an average annual growth rate of 4.3%. Since 1994, Thai supply has increased 18.3% year-on-year. In 2021, South Korea overtook Thailand to become the largest exporter, followed by the United States, Japan and Thailand, in that order. Imports of synthetic rubber to Thailand are expected to reach $1.4 billion by 2026, compared to $1.2 billion in 2021, with an average annual growth rate of 2.1%. Since 1993, Thai demand has grown 6.8% year-on-year. In 2021, Malaysia was the largest importer ahead of the United States, Germany and Malaysia. By 2026, Thailand is expected to become the second-largest exporter and fifth-largest importer of synthetic rubber in the world.

Thailand Synthetic Rubber Market Data and Forecasts

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• Rubber and Plastic: Insights Into A World of Unfolding Market Possibilities and Forecasts

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• Synthetic Rubber: Navigating Trends, Growth, and Forecast within the Global Industry

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