Nigeria, others losing in global $49b rubber market
Nigeria and major producers in West Africa are losing yearly in the global rubber market estimated at $49 billion. Already, rubber Market Report Insights (2023-2030), published by www.marketreportsworld.com, projects that the market will hit $64 billion in 2028. So far, most of Africa’s total natural rubber production of about 1.1 million tonnes is concentrated in West Africa; a figure shared between …