The Portuguese synthetic rubber market experienced fluctuations in volume from 2013 to 2023. It reached 61.089 million kilograms in 2023. The market showed volatility, with notable declines in 2014 and 2019, and a peak in 2017. Over the last five years, the compound annual growth rate (CAGR) was -3.72%, indicating a recent decline in overall trend. Notable year-on-year changes include a 15.27% increase in 2015 and a 15.4% decrease in 2019.
Future trends to watch include:
- Technological advancements in rubber production processes.
- Environmental policies impacting synthetic rubber demand.
- Shifts in automotive sector dynamics, influencing rubber consumption.
- Potential growth in demand from emerging industries.
How does Portugal rank in Synthetic Rubber Market Size Volume?
| # | 8 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 869,850,000 | 2023 | +2.31% | -0.22% | View data |
| 2 | 2 Italy | 607,010,000 | 2023 | -0.29% | -0.27% | View data |
| 3 | 3 France | 554,360,000 | 2023 | -0.78% | -0.22% | View data |
| 4 | 4 Czech Republic | 220,150,000 | 2023 | +2.79% | +2.26% | View data |
| 5 | 5 Spain | 205,200,000 | 2023 | +0.44% | -2.22% | View data |
| 6 | 6 Finland | 165,040,000 | 2023 | -0.77% | -2.98% | View data |
| 7 | 7 Portugal | 61,089,000 | 2023 | +1.88% | -3.72% | |
| 8 | 8 Sweden | 32,578,000 | 2023 | -3.18% | -3.5% | View data |
