The global export market for synthetic rubber shows South Korea leading with $3.4725 billion, followed closely by Thailand, the United States, and Japan. The top ten countries include notable exporters such as Germany, Russia, and Singapore. Year-on-year variations indicate significant growth in Malaysia and Indonesia, while traditional markets like the United States and Japan show minor declines. Eastern Europe - led by Poland and Czech Republic - maintains stable growth, while several South American and African countries face negative trends.
Noteworthy trends over the last five years include significant increases in Thailand, Singapore, and Malaysia due to expanding production capacities. Conversely, the export market in the United Kingdom and other smaller European countries has contracted, leading to reduced contributions to global exports. Notable decreases in Argentina, South Africa, and Zimbabwe underscore broader economic challenges in those regions.
Future trends to watch include:
- Growing investments and expansions in Southeast Asia, likely bolstering Thailand and Malaysia's market shares.
- Potential impact of geopolitical tensions on synthetic rubber exports from Russia.
- Technological advancements and increased demand for sustainable products could shift market dynamics.
- Economic recovery post-COVID-19 may alter demand patterns, especially in historically volatile markets like Argentina and South Africa.
- Regulatory changes and environmental policies may impact production and export capabilities across the globe.
Top countries in Export of Synthetic Rubber by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 3,472,500,000 | 2023 | +2.51% | +2.28% | View data |
| 2 | 2 Thailand | 3,311,500,000 | 2023 | +5.59% | +6.1% | View data |
| 3 | 3 United States | 2,681,600,000 | 2023 | -0.021% | -0.094% | View data |
| 4 | 4 Japan | 2,439,700,000 | 2023 | +0.97% | -0.13% | View data |
| 5 | 5 Germany | 1,861,400,000 | 2023 | +1.71% | +1.6% | View data |
| 6 | 6 Russia | 1,767,300,000 | 2023 | +0.76% | +0.52% | View data |
| 7 | 7 Singapore | 1,596,000,000 | 2023 | +5.18% | +6.32% | View data |
| 8 | 8 Belgium | 1,417,200,000 | 2023 | +0.71% | +0.16% | View data |
| 9 | 9 Malaysia | 1,382,500,000 | 2023 | +5.26% | +7.55% | View data |
| 10 | 10 China | 797,260,000 | 2023 | +3.11% | +2.17% | View data |
