Global Rubber Consumer Market

The statistical data that international rubber research organization (IRSG) announces recently shows, in recent years, global rubber consumption grows continuously and stably.

In 2017, global rubber consumption reached 28.277 million tons, up by 3.0% year on year (the same below).

Among them, China's rubber consumption accounted for 30%, ranking first in global rubber consumption for three consecutive years.Statistics show that the consumption of rubber in China in that year was 94.32 million tons, up 2.9%. Following the 3.0% growth in 2016 over the previous year, the consumption of rubber continued to grow strongly and exceeded the performance of the same year for two consecutive years.China's domestic auto industry has seen steady growth in production of sedans and commercial vehicles, boosting rubber consumption, the report said.

India, Thailand, Vietnam and other emerging Asian countries also saw steady growth in rubber consumption, which, together with China, led to the growth of global rubber consumption.

Us rubber consumption, the second largest, was flat at 2.843 million tonnes.Us rubber consumption fell to 2.6m tonnes in 2013, but has since rebounded, reflecting the us economic recovery.

India's rubber consumption in third place was 1.679m tonnes, up 3.5 per cent.India's car market has expanded sharply in recent years, with new car sales expected to overtake Japan's by 2020.India's economic development in the emerging * performance, rubber consumption has continued to grow.

Japan, the fourth largest consumer of rubber, consumed 1.556 million tons, up 0.8 percent.In recent years, rubber consumption in Japan has been decreasing.However, in 2017, led by automotive tires, automotive rubber hose, construction machinery and machine tool high pressure rubber hose market demand, after a few years * exceeded the year-on-year performance.However, it is difficult to predict whether domestic rubber consumption in Japan can take this as a significant increase.

Rubber consumption in Thailand, ranked fifth, was 1.275m tonnes, up 10.7 per cent.As Asia's global manufacturing base, Thailand is accelerating the growth of vehicle and parts manufacturing plants.Related, the consumption of rubber in Thailand is expected to continue to expand.*, which ranks among the top 5, accounts for about 60% of global rubber consumption.

Is the global rubber market still sluggish?

In addition, among the top 15 countries in terms of rubber consumption *, Vietnam ranked second in 2016 in terms of growth rate *, with an increase of 20.5% in 2017.Vietnam has attracted electronics manufacturers such as Japan and South Korea to invest in factories because of its cheap labor, the report said.Vietnam as the new production base of asean is remarkable, and the growth of rubber consumption is expected in the future.

In southeast Asia *, Indonesia ranked sixth in rubber consumption with 971,800 tons, up 5.7% year on year.Malaysia ranked eighth with 893,300 tonnes, up 6.8 per cent from a year earlier, with growth in rubber consumption driven mainly by demand for cars, motorcycles and tyres.


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