Key Market Indicators
Bolivia's synthetic rubber imports are projected to reach approximately $1.43 million by 2028, a modest increase from $1.43 million in 2023. This indicates an average annual growth of 0.1%. Historically, demand for synthetic rubber in Bolivia has surged by 5.6% annually since 1997. In contrast, Bolivia's synthetic rubber exports are expected to decline, reaching around $18,690 by 2028, down from $21,140 in 2023. This represents an average annual decrease of 1.9%. Over the past several years, since 2017, Bolivian synthetic rubber supply has faced a 5.7% annual drop. In 2023, Bolivia ranked 70th in terms of synthetic rubber exports, with Lebanon just ahead at $21,140. Leading the global rankings were Thailand, the United States, and Japan, holding the second, third, and fourth positions, respectively.
