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8 (800) 300-65-10

Nigeria exports $22tr worth of rubber in 12 years


Nigeria has exported rubber and its articles worth $22 trillion since 2009.


The highest was $10 trillion in 2012, while the lowest was last year with the value put at   $21 million.


However, Nigeria exports of rubber have been on the low side since 2009, according to data provided by the International Trade Centre’s – Trade Map, sourced by The Nation.

The exports include natural rubber, balata, gutta-percha, guayule, chicle and similar natural gums, in primary forms or in plates, sheets or strip. Others were tubes, pipes and hoses, of vulcanised rubber other than hard rubber, with or without their fittings, factice derived from oils, mixtures of rubbers.


Rubber producing states include; Abia, Akwa Ibom, Anambra, Bayelsa, Benue, Cross River,Delta, Ebonyi, Edo, Ekiti, Kogi, Kwara, Ogun, Ondo, Osun, Oyo, Kaduna and Taraba.


Meanwhile, Statista, projects the global market value of rubber totalled around $39.7 billion last year  to reach $68.4 billion by the end of 2026, growing at a common annual growth rate (CAGR )of eight per cent.


Globally, the biggest exporters of rubber include Thailand, Indonesia, Cote d’ Ivoire, Vietnam, Malaysia ,Myanmar, Laos, Belgium, Liberia, Guatemala, Singapore  and Netherland.


The 15 countries accounted for 95.7 percent of all exports of natural rubber worldwide in 2019, according to Statista, a global research firm. In the year 2000, the firm reported that the combined global production of natural and synthetic rubber amounted to around 17.68 million metric tonnes. By 2020, the amount had increased to 27.4 million metric tonnes.