Key Market Indicators
Bosnian natural rubber exports decreased by 10.7 percent in 2021, dropping from $732.06 to $654. This marks a 6.5 percent decrease since 2009. Bosnia came in 85th place in the global ranking, with Swaziland slightly ahead at $654. Indonesia, Ivory Coast and Malaysia ranked 2nd, 3rd and 4th respectively. Bosnian natural rubber imports are forecast to hit $99,570 by 2026, down 3.9 percent year-on-year. Since 2008, imports have declined 3.6 percent annually. In 2021, Bosnia ranked 93rd, while Azerbaijan came in at $125,220. The United States, Malaysia and Japan took the 2nd, 3rd and 4th spots in the ranking.
Bosnia and Herzegovina Natural Rubber Market Data and Forecasts
How much will Bosnia and Herzegovina 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
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