Crypto tex USD Price & Performance (CTEXUSD)

Africa's synthetic rubber market is set to grow steadily, with a projected CAGR of 1.3% in volume and 3.1% in value through 2035. The market is expected to reach 2.2 million tons and $4.8 billion, respectively, driven by increasing demand across key consuming nations like Tanzania and Kenya.1

Democratic Republic of the Congo, Tanzania, and Kenya are the top consumers of synthetic rubber in Africa, accounting for nearly half of the region's usage in 2024. Ghana showed the fastest growth in consumption, with a CAGR of 4.7%, reflecting its expanding industrial needs.1

In 2024, Egypt dominated Africa's synthetic rubber exports, contributing 71% of the total value. With a robust growth rate of 49.3% annually, Egypt's export performance far outpaced other nations, driven by a strong production base and competitive pricing strategies.1