In 2023, South Korea led the global export market of Styrene-Butadiene Rubber (SBR/XSBR) except latex, holding the largest share by value. Germany and France followed with significant contributions. Notably, countries such as Singapore and Thailand exhibited growth, while others like Mexico and Japan saw declines. The US and China showed a decline in their export values. Year-on-year trends indicate a varied performance, with countries like South Korea, Germany, and Singapore registering positive growth, while Mexico, China, and Japan faced reductions over a period.
Looking forward, the global market is anticipated to experience shifts influenced by economic conditions and trade policies. Emerging markets like India and Malaysia might capture more market share, while technological advancements and environmental policies could impact production and export dynamics. The shift towards sustainable and eco-friendly rubber products could redefine competitive advantages within the industry.
Top countries in Export of Styrene-Butadiene Rubber (SBR/XSBR) Except Latex Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 19.5 | 2023 | +1.33% | +1.22% | View data |
| 2 | 2 Germany | 11.46 | 2023 | +2% | +2.14% | View data |
| 3 | 3 France | 7.75 | 2023 | +0.35% | -0.089% | View data |
| 4 | 4 Japan | 7.74 | 2023 | +0.057% | -1.3% | View data |
| 5 | 5 Singapore | 7.19 | 2023 | +5.19% | +6.5% | View data |
| 6 | 6 Poland | 6.6 | 2023 | +2.44% | +1.61% | View data |
| 7 | 7 United States | 5.83 | 2023 | -1.92% | -1.77% | View data |
| 8 | 8 Russia | 5.05 | 2023 | +1.8% | +1.87% | View data |
| 9 | 9 Thailand | 5.02 | 2023 | +4.42% | +4.66% | View data |
| 10 | 10 Spain | 4.03 | 2023 | +0.34% | -1.39% | View data |
