Key Market Indicators
Armenia's synthetic rubber import market is projected to climb to approximately $703,000 by 2028, marking a gradual increase from around $629,000 in 2023. This growth represents an average annual increase of 1.8%. The demand for synthetic rubber in Armenia has been on a steady rise since 2002, with an average yearly growth rate of 1.4%. However, the supply side tells a different story. Over the same period, the domestic supply of synthetic rubber has plummeted dramatically, decreasing by 80.6% year on year.
