Key Market Indicators
Bangladesh's synthetic rubber export is projected to hit approximately $1.66 million by 2028, up from around $1.42 million in 2023. This marks an average annual growth rate of 2.4%. The country's supply of synthetic rubber has shown a consistent upward trend, increasing by an average of 3.7% per year since 2007. On the import front, Bangladesh is expected to see its synthetic rubber imports soar to about $47 million by 2028, compared to roughly $40 million in 2023. This represents an average yearly growth of 2.5%. The demand for synthetic rubber in Bangladesh has surged significantly since 1994, with an average annual increase of 3.8%. These figures underscore the dynamic growth in both the supply and demand of synthetic rubber in Bangladesh, reflecting broader trends in the country's industrial and manufacturing sectors.
