Key Market Indicators
Mongolia's import of synthetic rubber is projected to climb to approximately $332,000 by 2028, up from around $327,000 in 2023. This marks an average annual growth of 0.3%. However, this modest increase follows a longer-term downward trend. Since 2004, the nation's demand for synthetic rubber has seen an annual decline of 2.7%. These figures highlight a nuanced landscape for Mongolia's synthetic rubber market, which has experienced fluctuating demand over the past two decades.
