Key Market Indicators
Korea's import of natural rubber is projected to drop by 3.7% annually over the next five years, from $525.3 million in 2021 to $421.5 million in 2026. Since 1993, the country's demand has decreased by 0.4% annually. In 2021, Korea was ranked sixth in the world for natural rubber imports, with India leading the way at $525.3 million. The United States, Malaysia and Japan placed second, third and fourth, respectively. Korea's export of natural rubber is expected to remain steady at $3.02 million in 2021 and 2026. Since 1993, the country's supply has increased by 7% annually. In 2021, Korea came in at number 33 worldwide for natural rubber exports, with Canada taking the lead at $3.02 million. Indonesia, Ivory Coast and Malaysia followed in second, third and fourth places, respectively.
