NEW YORK, Aug. 17, 2017 /PRNewswire/ -- In 2016, the global
natural rubber output edged up 1.1% year on year to 12.4 million
tons, and the consumption rose by 3.8% year on year to 12.6 million
tons, indicating the gap of 200,000 tons between supply and demand.
In the context of steady growth in rubber demand and
underproduction, it is expected that the global natural rubber
market will continue to be in short supply in 2017-2021, with the
supply and demand gap of about 700,000 tons by 2021.
Read the full report:
http://www.reportlinker.com/p04126832/Global-and-China-Natural-Rubber-Industry-Report.html
At present, the regional structure of the global natural rubber
supply and demand is uneven. Thailand, Indonesia, Malaysia, India, Vietnam and China are the world's top six natural rubber
producers, contributing 86.5% to the global total output in 2016;
wherein, Thailand ranked first
with the output of 4.5 million tons and the share of 36.3% in 2016.
In the world, natural rubber is mainly consumed in Asia, Africa,
Latin America and other emerging
industrialized areas, which enjoyed the share of about 75% in
2016.
China is the world's largest
producer of natural rubber, and its consumption in 2016 jumped by
4.6% year on year to 4.896 million tons, of which 77.9% was used
for radial tires. Driven by the steady development of the tire
industry, China's natural rubber
consumption is expected to keep an AAGR of 4.5% during 2017-2021
and hit 5.788 million tons by 2021, of which about 90% will be used
in radial tires.
Restricted by natural rubber resources, China produced about 764,000 tons of natural
rubber in 2016, accounting for only 6.2% of the global output. By
2021, China may produce 1.079
million tons. Amid the serious imbalance between supply and demand,
China saw the gap of about 4.132
million tons in 2016; the gap will reach 4.709 million tons by
2021.
In terms of the price, the natural rubber price bucked the downward
trend to rise rapidly from H2 2016 to mid-February 2017 and peaked at RMB20,700 / ton since 2014, thanks to higher
market prices of international commodities (crude oil, etc.) and
quick demand growth of downstream industries (such as heavy truck
tires). Later, the main producer Thailand released its storage for four
consecutive times, resulting in accelerated supply; however, the
consumption growth remained unchanged, so that the natural rubber
price dropped down from late February to the end of June, but
rebounded slightly in July. In the next year, the broad market and
short supply may boost the natural rubber price to show a slight
uptrend.
The world's leading natural rubber manufacturers are mainly
distributed in Southeast Asia
(Thailand and Singapore, etc.), including Sri Trang
Agro-Industry, Von Bundit, Thai Hua
Rubber Public, TRUBB, Southland Rubber and Sinochem International;
among them, Sri Trang Agro-Industry is the world's largest natural
rubber producer, and its sales volume accounted for 11.9% of the
global total consumption in 2016.
Chinese natural rubber manufacturers are mainly large-sized
agricultural reclamation and rubber groups, represented by Sinochem
International, China Hainan Rubber, Guangken Rubber, Yunnan State
Farms Group and so on. In recent years, major producers have
actively deployed overseas markets and seized more market shares.
Sinochem International acquired the Singapore-listed company Halcyon Agri
Corporation Limited in 2016 to fulfill a global layout of major
natural rubber producing areas in West
Africa, Southeast Asia and
China; in April 2017, the company established Halcyon
Natural Rubber (Shanghai) Co.,
Ltd. to integrate natural rubber marketing and trade of Sinochem
International in China. Guangken
Rubber took over Thai Hua Rubber Public Co., Ltd. which is
Thailand's third largest natural
rubber producer in August 2016. As
soon as the acquisition is completed, the company will obtain the
natural rubber capacity of 1.5 million tons/a, and surpass Sinochem
International to rank first in China by capacity.
Global and China Natural Rubber Industry Report, 2017-2021 by
ResearchInChina highlights the following:
Supply & demand, regional distribution, prices, competitive
landscape and development trends of global natural rubber
market;
Supply & demand, import & export, regional structure,
competitive landscape, development trends of Chinese natural rubber
market;
Tapping area and planting area of natural rubber in China and around the world;
Development of applications of natural rubber in China, such as tyre, rubber belt &
hose;
Operation and development in China
of 5 global natural rubber companies;
Read the full report:
http://www.reportlinker.com/p04126832/Global-and-China-Natural-Rubber-Industry-Report.html
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