Rubber: synthetic, n.e.c. in heading 4002, latex, in primary forms or in plates, sheets or strip

In 2024, rubber: synthetic, n.e.c. in heading 4002, latex, in primary forms or in plates, sheets or strip trade exhibited significant decline, with global flows reaching $189,493,597 and a three-year compound annual growth rate of -22.2% (five-year: -6.4%). The all-time peak of $466,871,348 was recorded in 2011; the current level is 59% 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 decelerating (-15.9% acceleration).

The World Trade Flows Characterization classifies rubber: synthetic, n.e.c. in heading 4002, latex, in primary forms or in plates, sheets or strip as "One-way trade" in the unclassified price segment, providing additional context for market positioning and competitive dynamics.

The supply side is diversified (Herfindahl-Hirschman Index 0.124). The three largest exporters — Japan ($52.6M), Germany ($27.4M), and France ($20.2M) — collectively dominate supply flows. The leading exporter has grown at -28.7% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.060). The three largest import markets are United States ($25.4M), Vietnam ($17.6M), and Thailand ($14.1M). The largest importing market sources from 21 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 Japan → Thailand at $12.2M, representing 86.1% of the importer's total demand.

The volatility score for rubber: synthetic, n.e.c. in heading 4002, latex, in primary forms or in plates, sheets or strip is 22 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, contracting demand signals caution before committing resources. The diversified supply landscape means many competitors but also multiple entry points and buyer relationships to target.

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