From 2013 to 2023, Thailand's export of synthetic rubber has shown significant fluctuations. In 2023, the value stood at $3,311.5 million, marking a 5.59% year-on-year increase from 2022. Over the last two years, the average variation has been 8.61%, indicating moderate growth. The Compounded Annual Growth Rate (CAGR) for the last five years stood at 6.1%.
Looking forward, the forecasts suggest a steady upward trend with a projected value of $4,218.5 million by 2028. This reflects a forecasted 5-year CAGR of 3.84%, with an expected total growth rate of 20.75% from 2023 to 2028. Future trends to watch for include global demand shifts, price fluctuations of raw materials, and geopolitical influences that could impact trade dynamics.
