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Discover the key import markets for synthetic rubber based on data from the IndexBox platform. Learn about the top countries driving the demand for this essential raw material.
During the review period, Synthetic Rubber imports reached record levels of 445K tons in 2022 before decreasing the following year. In terms of value, imports of Synthetic Rubber notably dropped to $831M in 2023.
Learn about the growing demand for synthetic rubber worldwide and the anticipated market trends from 2023 to 2030, including projected increases in both volume and value.
The Synthetic Rubber imports peaked at 445K tons in 2022, but saw a significant decrease in 2023 to $831M in value.
Synthetic Rubber exports peaked in 2023 and are projected to continue growing. However, in terms of value, the exports decreased to $2.6B in 2023.
The growth pace of Synthetic Rubber was the most rapid in November 2023 with a 24% increase compared to the previous month. In value terms, synthetic rubber exports saw a dramatic drop to $184M in January 2024.
In March 2023, the growth rate of Synthetic Rubber was at its fastest, with a month-to-month increase of 53%. The value of synthetic rubber imports also saw a rapid expansion, reaching $101M in October 2023.
From April 2023 to September 2023, the exports of Synthetic Rubber experienced stagnant growth, with a value of $165M in September 2023.
The price of Synthetic Rubber in June 2023 was $2,971 per ton (CIF, Mexico), showing stability compared to the previous month.
In May 2023, the price of Synthetic Rubber was $2,204 per ton (CIF, Hong Kong), representing a decrease of 11.1% compared to the previous month.
In April 2023, the synthetic rubber price amounted to $2,107 per ton (CIF, South Africa), shrinking by -9.8% against the previous month.
In February 2023, the synthetic rubber price stood at $2,531 per ton (CIF, Brazil), declining by -7.8% against the previous month.
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