The synthetic rubber market size in Spain has seen fluctuations over the past decade. From a high of 251.14 million kilograms in 2012, it increased slightly in 2013, then significantly dropped by 13.67% in 2014. The market saw some recovery in 2015 with a 5.97% increase but declined again in the following years, hitting a low of 190.81 million kilograms in 2020. In 2021, the market saw a moderate recovery with a 7.3% increase, but it slightly declined again by 2.12% in 2022, standing at 200.4 million kilograms.
Notable year-on-year variations include significant drops in 2014 (-13.67%), 2016 (-9.49%), and 2019 (-9.55%), with moderate upticks in 2017 (12.27%) and 2021 (7.3%). The market has shown an average annual decrease (CAGR) over the last five years, ending in 2022, of -3.09%. Over the last decade, variations have been sporadic, reflecting the volatile nature of the market.
Looking ahead to 2024 and beyond, it will be important to watch for:
- Economic recovery post-pandemic and its impact on industrial demand for synthetic rubber.
- Advances in synthetic rubber technology and potential new applications.
- Fluctuations in raw material prices that could affect production costs and market prices.
- Regulatory changes and environmental policies impacting synthetic rubber production and usage.
How does Spain 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% | |
| 6 | 6 Finland | 165,040,000 | 2023 | -0.77% | -2.98% | View data |
| 7 | 7 Portugal | 61,089,000 | 2023 | +1.88% | -3.72% | View data |
