Key Market Indicators
Guatemalan exports of natural rubber are set to reach $158.6 million in 2026, a 0.2% decrease from 2021's total of $160.3 million. This follows a 5.9% annual growth rate since 1998. Guatemala was eighth in the 2021 ranking, behind Myanmar's $160.3 million. Indonesia, Ivory Coast, and Malaysia were second, third, and fourth, respectively. Meanwhile, imports of natural rubber decreased by 60% in 2017 to $619 million, compared to $1.5 billion in 2016. This marks a 40.2% year-on-year decrease since 1998. Guatemala was 73rd in the 2017 ranking, behind Lebanon's $619 million. The United States, Malaysia, and Japan were second, third, and fourth, respectively.
Guatemala Natural Rubber Market Data and Forecasts
How much will Guatemala Natural Rubber Market grow to 2026?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
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