Key Market Indicators
The Emirati synthetic rubber import market is projected to decline slightly to $107 million by 2028, down from $108 million in 2023, reflecting a 0.1% decrease on a compound annual growth rate (CAGR) basis. This follows a broader trend observed since 2012, where demand has decreased by 1.3% annually. Conversely, the synthetic rubber export market in the United Arab Emirates is expected to see a positive trajectory. By 2028, exports are forecasted to reach $59 million, up from $52 million in 2023, representing a 2% annual growth rate. Notably, the Emirati supply has seen a modest increase of 0.2% per year since 2012. In 2023, the UAE ranked 25th in global synthetic rubber exports, with Luxembourg overtaking it with exports valued at $52 million. The top positions were held by Thailand, the United States, and Japan, ranking second, third, and fourth respectively.
