Rubber: synthetic, chloroprene (chlorobutadiene) rubber (CR), latex, in primary forms or in plates, sheets or strip

In 2024, rubber: synthetic, chloroprene (chlorobutadiene) rubber (cr), latex, in primary forms or in plates, sheets or strip trade exhibited modest growth, with global flows reaching $178,930,464 and a three-year compound annual growth rate of -13.0% (five-year: +1.7%). The all-time peak of $272,057,485 was recorded in 2021; the current level is 34% below that high-water mark.

Over the 30-year observation window (1995–2024), 66% of years recorded positive growth, indicating a predominantly expanding market. Trend momentum is decelerating (-15.4% acceleration).

The World Trade Flows Characterization classifies rubber: synthetic, chloroprene (chlorobutadiene) rubber (cr), latex, in primary forms or in plates, sheets or strip as "One-way trade" in the medium price range price segment, providing additional context for market positioning and competitive dynamics.

The supply side is concentrated (Herfindahl-Hirschman Index 0.330). The three largest exporters — Japan ($79.0M), Germany ($63.8M), and South Korea ($17.3M) — collectively dominate supply flows. The leading exporter has grown at -1.9% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.087). The three largest import markets are United States ($28.1M), Malaysia ($26.3M), and Indonesia ($19.3M). The largest importing market sources from 12 different supplying countries.

Estimated substitution elasticity: -23.18. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is Japan → Indonesia at $17.9M, representing 92.6% of the importer's total demand.

The volatility score for rubber: synthetic, chloroprene (chlorobutadiene) rubber (cr), latex, in primary forms or in plates, sheets or strip is 8 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, modest but steady demand provides a reasonable entry window. The concentrated supply structure suggests high barriers but also potential opportunity if dominant suppliers face disruption or capacity constraints.

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