Malaysia's export of synthetic rubber is forecasted to grow steadily from 2024 to 2028, increasing from 1.454 billion USD in 2024 to 1.7398 billion USD in 2028. This represents an annual growth rate of approximately 5% year-on-year. Notably, between 2026 and 2027, an increase of about 4.4% is forecasted, and approximately 4.1% from 2027 to 2028. Over a five-year period (2024-2028), the Compound Annual Growth Rate (CAGR) stands around 4.6%, reflecting stable and consistent growth in Malaysia's synthetic rubber export market.
Future trends to watch for include potential impacts from global economic shifts, technological advancements in rubber production, and any changes in international trade policies that could affect demand and pricing for synthetic rubber. Monitoring these factors will be crucial for stakeholders in making informed decisions.
