Based on the provided data, the production of synthetic rubber in the UK has shown significant volatility from 2013 to 2023. It reached a low in 2015 before rebounding strongly in 2018. However, there was a notable decline from 2020 to 2023, with production standing at 162.59 million kilograms in 2023. The year-on-year variation was -2.38% from 2022 to 2023. Over the last five years, the compound annual growth rate (CAGR) was -3.64%. Looking ahead to the forecasted period from 2024 to 2028, the average annual decline is projected at -2.15%, equating to a total forecasted decrease of -10.29% by 2028.

Future trends to watch for:

Impact of technological advancements on synthetic rubber production efficiency
Global market demand shifts and their effect on UK production
Changes in environmental regulations impacting synthetic rubber industry practices
Potential economic factors, including raw material prices and labor costs