Key Market Indicators
Macedonia's synthetic rubber imports are projected to hit $4.1 million by 2028, rising from $3.4 million in 2023. This marks an average annual growth rate of 2.8%. Historical data shows that since 1999, the country's demand for synthetic rubber has been increasing steadily at an annual rate of 1.5%. In contrast, the country's synthetic rubber exports have seen a significant decline. In 2019, exports stood at just $744, plummeting from $3,340 in 2018. This represents a sharp decrease of 77.7% year over year. Since 1999, Macedonian synthetic rubber supply has been decreasing at an annual rate of 20.1%.
