The export of synthetic rubber from Austria has experienced significant fluctuations over the past decade. Starting from a low value in 2013, it saw a dramatic increase, peaking in 2023 at $14.94 million. The past two years showed a modest but positive year-on-year variation (10.07% in 2022 and 4.28% in 2023). The compound annual growth rate (CAGR) over the last 5 years stood at 2.65%, indicating gradual improvement despite annual volatility.
Projected growth for synthetic rubber exports from 2024 to 2028 reflects a steady upward trend, with an anticipated 5-year CAGR of 3.07% and a total forecasted growth rate of 16.29% over this period, suggesting a continually strengthening market.
Future trends to watch for include:
- Technological advancements improving synthetic rubber quality and demand.
- Fluctuations in international trade policies affecting export conditions.
- Global economic health impacting industrial demand for rubber products.
