Rubber: synthetic, isoprene rubber (IR), in primary forms or in plates, sheets or strip

In 2024, rubber: synthetic, isoprene rubber (ir), in primary forms or in plates, sheets or strip trade exhibited strong growth, with global flows reaching $886,216,638 and a three-year compound annual growth rate of -2.6% (five-year: +1.7%). The all-time peak of $1,617,032,878 was recorded in 2011; the current level is 45% below that high-water mark.

Over the 30-year observation window (1995–2024), 48% of years recorded positive growth, indicating significant cyclicality with frequent contractions. Trend momentum is steady (-2.5% acceleration).

The World Trade Flows Characterization classifies rubber: synthetic, isoprene rubber (ir), 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 moderately concentrated (Herfindahl-Hirschman Index 0.214). The three largest exporters — Russia ($361.7M), Japan ($169.9M), and United States ($108.3M) — collectively dominate supply flows. The leading exporter has grown at -10.7% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.074). The three largest import markets are China ($166.7M), Thailand ($105.7M), and India ($55.4M). The largest importing market sources from 18 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 $144.3M, representing 86.5% of the importer's total demand.

The volatility score for rubber: synthetic, isoprene rubber (ir), in primary forms or in plates, sheets or strip is 15 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.