Key Market Indicators
Senegal's natural rubber exports plummeted by 30.4% in 2021, going from $13,530 in 2020 to $9,420. Compared to 2010, supply has dropped by 41.7%. Pakistan was number one in the 2021 rankings with $9,420, followed by Indonesia, Ivory Coast and Malaysia. Senegal's natural rubber imports saw a slightly more positive performance in 2021, reaching $757,900, up 1.7% on the previous year. Since 2001, demand has increased by 7.9%. The Dominican Republic came out on top with $757,900, followed by the United States, Malaysia and Japan.
Senegal Natural Rubber Market Data and Forecasts
How much will Senegal Natural Rubber Market grow?More in Natural Rubber Industry for 2027
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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
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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