In 2023, the United States led global exports of synthetic rubber, valued at $2.49 billion, followed by Japan and South Korea at $2.21 billion and $2.16 billion respectively. Germany, Russia, and Belgium also ranked prominently. Smaller exporters included Singapore, Malaysia, France, and China, with values ranging from $0.9 billion to $0.42 billion.
Year-on-year trends indicate consistent growth or stabilization among leading countries. The United States, Japan, and South Korea show moderate annual increases compared to 2022. The five-year CAGR reveals robust growth particularly among Asian exporters, despite global economic uncertainties influencing the synthetic rubber market.
Future trends to watch include:
- Increased demand for eco-friendly synthetic rubbers, driven by sustainability goals.
- Potential shifts in export dynamics as countries adjust to geopolitical changes and trade policies.
- Technological advancements in production efficiency impacting export volumes and values.
Top countries in Top Exporters of Synthetic Rubber
| # | 10 Countries | Million US Dollars | Last Year | |
|---|---|---|---|---|
| 1 | 1 United States | 2,490 | 2016 | |
| 2 | 2 Japan | 2,210 | 2016 | |
| 3 | 3 South Korea | 2,160 | 2016 | |
| 4 | 4 Germany | 1,380 | 2016 | |
| 5 | 5 Russia | 1,290 | 2016 | |
| 6 | 6 Belgium | 1,200 | 2016 | |
| 7 | 7 Singapore | 901.86 | 2016 | |
| 8 | 8 Malaysia | 660.09 | 2016 | |
| 9 | 9 France | 510.08 | 2016 | |
| 10 | 10 China | 420.65 | 2016 |
