The production of synthetic rubber (excluding latex) in Germany exhibited significant fluctuations over the past decade. After reaching a peak in 2016, there has been a declining trend until 2020. While the production saw a recovery in 2021, it declined again in 2022. The value in 2023 stands at approximately 391,450,000 kilograms. Year-on-year variation data indicates a steep drop between 2016 and 2020, followed by a recovery in 2021 and a slight increase in 2023. The compound annual growth rate (CAGR) for the five-year period ending in 2023 was -4.07%.
Looking ahead, the forecasted production data from 2024 to 2028 remains relatively stable with minimal growth, indicated by a forecasted five-year CAGR of 0.01% and a forecasted five-year growth rate of 0.04%.
Future trends to watch for include potential advancements in manufacturing technology and shifts in market demand, which could influence production levels. Additionally, environmental regulations and sustainability initiatives may affect the synthetic rubber industry in Germany.
