Key Market Indicators
Moroccan synthetic rubber imports are projected to hit approximately $19 million by 2028, up from around $18 million in 2023. This represents an average annual growth rate of 1.7%. Since 1998, the nation's demand for synthetic rubber has increased by an average of 1.4% per year. On the export front, Moroccan synthetic rubber shipments are expected to rise to about $595,000 by 2028, up from $468,000 in 2023. This marks an annual compound growth rate of 3.8%. Since 1999, the country's export levels have climbed by 3.8% annually. In 2023, Morocco ranked 50th in synthetic rubber exports, with Brunei slightly ahead at the same export value of $468,000. Leading the global rankings were Thailand, the United States, and Japan, occupying the second, third, and fourth spots respectively.
