Key Market Indicators
Lebanon's synthetic rubber export industry is projected to grow significantly, reaching approximately $59,000 by 2028, up from around $47,000 in 2023. This represents an average annual growth rate of 3.6%. However, the long-term trend shows a slight decline; since 2002, Lebanon's supply of synthetic rubber has decreased by 0.6% annually. In 2023, Lebanon ranked 69th globally in synthetic rubber exports, with Mauritius slightly ahead at the same dollar value. Leading the global rankings are Thailand, the United States, and Japan, occupying the second, third, and fourth spots, respectively. On the import side, Lebanon's demand for synthetic rubber is also on the rise. Imports are expected to climb to nearly $1.8 million by 2028, up from about $1.6 million in 2023, marking a 1.7% annual growth rate. Since 2002, Lebanese demand for synthetic rubber has grown by 2.4% each year.
