Key Market Indicators
The import of synthetic rubber in Oman is projected to climb to nearly $3.6 million by 2028, up from approximately $3.4 million in 2023. This represents an annual growth rate of 0.9%. Historical data shows that since 1994, the demand for synthetic rubber in Oman has increased by an average of 2.3% per year. On the export front, Oman is expected to see its synthetic rubber exports reach around $543,000 by 2028, compared to about $416,000 in 2023. This marks a compound annual growth rate (CAGR) of 4.2%. Since 2014, the supply of synthetic rubber from Oman has grown by an average of 4.6% annually. In 2023, Oman ranked 52nd in the world for synthetic rubber exports, with Chile slightly ahead at the same export value. Leading the global rankings were Thailand, the United States, and Japan, occupying the second, third, and fourth spots respectively.
