Key Market Indicators
Belarusian synthetic rubber exports are projected to reach approximately $935,000 by 2028, marking a modest annual growth rate of 0.8% from around $891,000 in 2023. Despite this growth, Belarusian supply has remained stagnant since 2003, showing no year-on-year increase. As of 2023, Belarus ranks 47th in the global export market, with Colombia slightly ahead at the same figure of $891,000. In the global rankings, Thailand, the United States, and Japan hold the second, third, and fourth positions, respectively. On the import front, Belarusian synthetic rubber imports are expected to decline significantly. By 2028, imports are projected to fall to approximately $22.7 million from $46.6 million in 2023, averaging an annual decrease of 11.3%. Since 2003, the country's demand for synthetic rubber has dropped by 8.2% year on year.
