Key Market Indicators
Zimbabwe's synthetic rubber export is projected to rise to approximately $14,000 by 2028, up from around $12,500 in 2023. This represents a compound annual growth rate (CAGR) of 1.8% year on year. Since 2000, Zimbabwe's supply has experienced a substantial increase, jumping by nearly 58% year on year. In the global rankings for 2023, the country held the 74th position, just behind El Salvador, which recorded exports of around $12,500. Leading the rankings were Thailand, the United States, and Japan, occupying the second, third, and fourth spots respectively. In terms of imports, Zimbabwe's synthetic rubber imports reached about $348,000 in 2018, up from approximately $333,000 in 2017, marking a 4.5% increase compared to the previous year. However, since 2006, the country's demand has declined significantly, down by nearly 30% year on year.
