Key Market Indicators
South Africa's synthetic rubber imports are projected to reach approximately $120 million by 2028, up from around $106 million in 2023. This marks an average annual growth rate of 1.9%. The country's demand for synthetic rubber has been on a steady rise, increasing by 0.8% each year since 2005. On the export front, South Africa's synthetic rubber shipments fell sharply in 2023. Exports totaled about $10.6 million, down from $13 million in 2022, representing an 18.7% decline compared to the previous year. The long-term trend shows a significant decrease in exports, with a yearly decline of 9.3% since 2005. In the global ranking for synthetic rubber exports in 2023, South Africa held the 32nd position, with Argentina overtaking it with exports valued at $10.6 million. Leading the rankings were Thailand, the United States, and Japan, occupying the second, third, and fourth spots, respectively.
