Key Market Indicators
Tanzania's synthetic rubber imports are projected to rise to approximately $945,000 by 2028, up from around $866,000 in 2023. This marks an annual growth rate of 1.4%. However, since 2000, the country's demand for synthetic rubber has seen a yearly decline of 1.5%. In contrast, Tanzania's synthetic rubber exports are expected to plummet to roughly $3,400 by 2028, a sharp drop from about $13,200 in 2023. This represents an annual decrease of 21.2%. Since 2007, Tanzania's supply has fallen by an average of 5.7% each year. In 2023, Tanzania ranked 72nd globally in synthetic rubber exports, with Pakistan leading at around $13,200. Thailand, the United States, and Japan occupied the second, third, and fourth positions, respectively.
