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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.
In February 2023, the price of synthetic rubber was $2,802/ton (FOB, US), a decrease of -4.4% compared to the previous month.
In September 2022, the synthetic rubber price amounted to $2,579 per ton (CIF, Turkey), approximately equating the previous month.
After a 15%-drop in 2020, U.S. synthetic rubber exports surged to $2.5B in 2021.
In 2016, the amount of synthetic rubber imported worldwide amounted to X tons, approximately mirroring the previous year level. The total import volume increased at an average annual rate of +X>
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