Key Market Indicators
Burkina Faso's import of natural rubber is projected to reach $520,000 by 2026, a decrease of 5.8% per year on average from 2021's figure of $733,000. Since 2000, the country's demand for the product has dropped by an average of 5.3% each year. In 2021, it ranked 71st, with Nepal ahead at $733,000. The United States, Malaysia and Japan occupied the second, third and fourth spots respectively.
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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