Key Market Indicators
In 2018, Guyana saw a dramatic 832.2% increase in natural rubber imports, with the total reaching $7,270. This was enough to place the country at number 124, just behind Saint Lucia. The United States, Malaysia and Japan followed in positions two, three and four respectively. Meanwhile, exports of natural rubber from Guyana rose by 216.7% in 2017, with the total reaching $19. Despite this, the supply from Guyana has still fallen by 40.3% since 2004.
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In the global industrial commodities landscape, the natural rubber sector maintains a substantial position, driven primarily by its use in the automobile industry. Environmental factors, price volatility and shifts in producer-consumer dynamics remain critical influencers. Despite market disruptions, notably China's economic slowdown and trade tensions, the sector shows resilience.Read more
The nitrile butadiene rubber (NBR) market forms a critical part of the larger chemical industry. Manufactured from acrylonitrile and butadiene, NBR is a type of synthetic rubber widely known for its excellent resistance to oils, fuels, and other chemicals. It holds an indispensable role across multiple sectors including the automotive,...Read more
The global market is witnessing an upswing in the demand for natural rubber, attributed significantly to the rise in the automobile industry and the industrial sector. This key material ensures superior quality and performance in a wide range of applications. However, market fluctuations due to unpredictable weather conditions and governmental...Read more