Key Market Indicators
Serbia's synthetic rubber export is projected to decline to approximately $24.7 million by 2028, down from an estimated $26.3 million in 2023. This represents an average annual decrease of 0.9%. The country's supply has been on a downward trend since 2010, with an average annual reduction of 2.7%. In 2023, Serbia ranked 27th in synthetic rubber exports, having been overtaken by Myanmar, which reached the same export value of around $26.3 million. Leading the global rankings were Thailand, the United States, and Japan, occupying the second, third, and fourth positions respectively. On the import side, Serbia's synthetic rubber demand is expected to grow. By 2028, imports are anticipated to reach roughly $108 million, up from around $95.2 million in 2023. This equates to an average annual growth rate of 2%. Since 2010, Serbian demand for synthetic rubber has increased by an average of 2.1% per year.
