Key Market Indicators
The Ethiopian synthetic rubber import market is projected to surge to approximately $5.8 million by 2028, rising from around $5.2 million in 2023. This marks an average annual growth rate of 1.6%. Since the turn of the millennium, the demand for synthetic rubber in Ethiopia has increased consistently, with an annual growth rate of 2.2%. In stark contrast, the country's synthetic rubber exports have seen a dramatic decline. In 2015, exports plummeted to nearly $171, a staggering drop from $184,490 in 2014—a decrease of 99.9% year-on-year.
