Key Market Indicators
Nicaragua's imports of synthetic rubber are projected to decrease by 33.3% this year, from an estimated $142,390 in 2021 to $16,370 in 2026. The country's imports have been in decline since 1998, when they were 18.7% lower than the previous year. Nicaragua came in 117th place in the 2021 rankings, behind Iceland with $142,390. The United States, Germany and Malaysia ranked 2nd, 3rd and 4th, respectively. Nicaragua's exports of synthetic rubber are expected to grow by 4.8% a year, from an estimated $51,130 in 2021 to $69,050 in 2026. Since 2004, Nicaragua's supply has increased by 9.8% per year. In the 2021 rankings, Nicaragua was 77th, behind Bosnia and Herzegovina with $51,130. Thailand, the United States and Japan ranked 2nd, 3rd and 4th, respectively.
