Rubber: synthetic, isobutene-isoprene (butyl) rubber (IIR), in primary forms or in plates, sheets or strip

In 2024, rubber: synthetic, isobutene-isoprene (butyl) rubber (iir), in primary forms or in plates, sheets or strip trade exhibited strong growth, with global flows reaching $583,964,215 and a three-year compound annual growth rate of -1.1% (five-year: -0.1%). The all-time peak of $1,118,390,181 was recorded in 2011; the current level is 48% below that high-water mark.

Over the 30-year observation window (1995–2024), 62% of years recorded positive growth, indicating a mildly upward trajectory with periodic contractions. Trend momentum is steady (+1.7% acceleration).

The World Trade Flows Characterization classifies rubber: synthetic, isobutene-isoprene (butyl) rubber (iir), in primary forms or in plates, sheets or strip as "One-way trade" in the high price range price segment, providing additional context for market positioning and competitive dynamics.

The supply side is moderately concentrated (Herfindahl-Hirschman Index 0.159). The three largest exporters — Russia ($195.5M), Singapore ($88.7M), and China ($77.9M) — collectively dominate supply flows. The leading exporter has grown at -2.5% over the last three years.

On the demand side, importer concentration is moderately concentrated (HHI 0.160). The three largest import markets are China ($217.6M), Thailand ($37.5M), and India ($33.3M). The largest importing market sources from 24 different supplying countries.

Estimated substitution elasticity: -21.15. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is Russia → China at $151.1M, representing 69.4% of the importer's total demand.

The volatility score for rubber: synthetic, isobutene-isoprene (butyl) rubber (iir), in primary forms or in plates, sheets or strip is 7 out of 100, classified as low. Trade flows are relatively stable compared to other HS6 products, suggesting mature supply chains and predictable demand.

For market entrants, strong demand tailwinds create a favourable entry environment. A moderately concentrated market rewards differentiated positioning and strategic partner selection.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.