Key Market Indicators
**Israeli Synthetic Rubber Import to Reach $34M by 2028** Israel's synthetic rubber import is projected to reach $34 million by 2028, a slight increase from $34.2 million in 2023. This represents a modest growth rate of 0.1% annually. However, this marks a continued decline in demand since 2000, with an average yearly decrease of 0.9%. **Sharp Decline in Israeli Synthetic Rubber Export** In contrast, Israeli synthetic rubber exports are facing a significant downturn. The export value is expected to fall to $124,000 in 2023, down from $149,000 in 2022. This 16.8% drop continues a long-term trend, with exports decreasing by an average of 17.5% annually since 2000. **International Rankings and Competition** In 2023, Israel ranked 62nd in synthetic rubber exports. Ukraine has overtaken Israel in this category, also posting $124,000 in exports. Leading the global market are Thailand, the United States, and Japan, holding the second, third, and fourth positions, respectively.
