Key Market Indicators
Cyprus is projected to see a decline in its synthetic rubber imports over the next five years. According to recent data, imports are expected to drop to approximately $494,000 by 2028 from around $520,000 in 2023. This represents an average annual decrease of 0.7%. The downward trend in synthetic rubber demand is not new for Cyprus. Historical data shows that since 1994, the country's demand for this material has been shrinking at an average rate of 2.6% per year.
