Key Market Indicators
Senegal's synthetic rubber exports are projected to climb to approximately $80,000 by 2028, up from about $60,000 in 2023. This marks an average annual growth rate of 4.5%. Since 2003, Senegal's supply has increased by an average of 5.7% each year. In 2023, Senegal ranked 65th globally for synthetic rubber exports, while Nicaragua edged ahead with exports valued around $60,000. Leading the rankings were Thailand, the United States, and Japan, taking the second, third, and fourth positions respectively. On the import side, Senegal's synthetic rubber imports are expected to reach roughly $380,000 by 2028, a modest increase from $376,000 in 2023, reflecting a 0.3% average annual growth rate. Since 2001, Senegalese demand for synthetic rubber has surged by an impressive 10% annually.
