Auto Parts Report: Yesterday, the Fourth International Natural Rubber Conference sponsored by the Federation of Natural Rubber Producers and hosted by the Ministry of Agriculture was held in Haikou, Hainan. The reporter learned at the meeting that the global natural rubber market is still improving, but due to the higher prices of natural rubber and synthetic rubber, the profit of the tire industry will drop sharply.
Xu Wenying, deputy secretary-general of the China Rubber Industry Association, revealed at the meeting that about 25% of tire enterprises will suffer losses this year, and the average profit rate of enterprises is only 3%. It is estimated that China's tire production this year will increase by 6% from the previous year, which is lower than the 10.38% increase in 2011.
Industry experts generally expect that the global natural rubber market will continue to improve. Suchin, dean of the Thai Rubber Research Institute, predicts that at least ten years in the future, the planting volume and output of natural rubber will continue to rise. Dr. Kamarul, secretary-general of the Federation of Natural Rubber Producing Countries, predicts that the total rubber production in 2011 will reach 10.02 million tons. However, due to the fact that after 2012, new natural rubber species and replanting areas will be higher than previous years, coupled with factors such as climate and the market, the growth rate of natural rubber in the world will fluctuate between 2012 and 2018. Both showed a downward trend.
Robert Co., the head of rubber research at LMC International, pointed out that due to the increasing demand for autos in emerging markets, the increasing replacement rate of tires, the ever-increasing size of tires, and the recovery of the global economy, the demand for rubber continues to increase. He estimated that by 2020, the global average annual growth rate of natural rubber demand will be between 3.5% and 4%.
With the rapid development of China's economy, the demand for natural rubber is increasing. Since 1993, China has become one of the major countries in demand for natural rubber. In 2010, total consumption has exceeded 3.5 million tons, accounting for more than one-third of the total global natural rubber consumption. At present, according to the auto parts report, China's natural rubber production is only 687,000 tons. This year and next year, the country's rubber reserves will be close to the critical point of the total area of ​​suitable rubber.
Xu Wenying, deputy secretary-general of the China Rubber Industry Association, revealed at the meeting that about 25% of tire enterprises will suffer losses this year, and the average profit rate of enterprises is only 3%. It is estimated that China's tire production this year will increase by 6% from the previous year, which is lower than the 10.38% increase in 2011.
Industry experts generally expect that the global natural rubber market will continue to improve. Suchin, dean of the Thai Rubber Research Institute, predicts that at least ten years in the future, the planting volume and output of natural rubber will continue to rise. Dr. Kamarul, secretary-general of the Federation of Natural Rubber Producing Countries, predicts that the total rubber production in 2011 will reach 10.02 million tons. However, due to the fact that after 2012, new natural rubber species and replanting areas will be higher than previous years, coupled with factors such as climate and the market, the growth rate of natural rubber in the world will fluctuate between 2012 and 2018. Both showed a downward trend.
Robert Co., the head of rubber research at LMC International, pointed out that due to the increasing demand for autos in emerging markets, the increasing replacement rate of tires, the ever-increasing size of tires, and the recovery of the global economy, the demand for rubber continues to increase. He estimated that by 2020, the global average annual growth rate of natural rubber demand will be between 3.5% and 4%.
With the rapid development of China's economy, the demand for natural rubber is increasing. Since 1993, China has become one of the major countries in demand for natural rubber. In 2010, total consumption has exceeded 3.5 million tons, accounting for more than one-third of the total global natural rubber consumption. At present, according to the auto parts report, China's natural rubber production is only 687,000 tons. This year and next year, the country's rubber reserves will be close to the critical point of the total area of ​​suitable rubber.
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