IRSG says consumption to increase 2%.World elastomer elastomer (ĭlăs`təmər), substance having to some extent the elastic properties of natural rubber. The term is sometimes used technically to distinguish synthetic rubbers and rubberlike plastics from natural rubber. consumption is expected to rebound rebound (rē´bownd), n/v 1. a recovery from illness. n 2. an outbreak of fresh reflex activity after withdrawal of a stimulus rebound adjective this year following the no-growth year of 1998. Prachaya Jumpasut, chief economist The Chief Economist is a single position job class having primary responsibility for the development, coordination, and production of economic and financial analysis. It is distinguished from the other economist positions by the broader scope of responsibility encompassing the for the International Rubber Study Group, said consumption figures this year should be 2% higher than last year. Jumpasut said consumption in 1998 declined slightly from 16.50 million metric tons in 1997 to 16.49 mmt. The IRSG IRSG - Internet Research Steering Group figures consumption should reach 16.87 mmt this year and increase more than 2% to 17.34 mmt in 2000. The decline in 1998 consumption was caused by the Asian economic crisis and would have been worse except for higher than expected growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. in Europe Europe (y  r`əp), 6th largest continent, c.4,000,000 sq mi (10,360,000 sq km) including adjacent islands (1992 est. pop. 512,000,000). and North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , according to according toprep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Jumpasut. World natural rubber output is estimated to have increased in 1998 to 6.67 mmt from 6.38 mmt in 1997. While production increased 4.5%, consumption only increased 1.5%, resulting in an increase in rubber stocks. The IRSG says synthetic rubber synthetic rubber: see rubber. production declined by almost 2% from 10.09 mmt in 1997 to 9.9 mmt in 1998 and that consumption of SR was off 1.1%. Jumpasut said that even though production declined faster than consumption, world SR stocks still increased for the fifth straight year to a record high. SR's share of world consumption fell from 60.6% in 1997 to 60% in 1998, the lowest level since 1963. Just as the slowdown For articles with similar titles, see Slow Down (disambiguation). A slowdown is an industrial action in which employees perform their duties but seek to reduce productivity or efficiency in their performance of these duties. in elastomer consumption was caused by the downturn Downturn The transition point between a rising, expanding economy to a falling, contracting one. downturn A decline in security prices or economic activity following a period of rising or stable prices or activity. in the Asian countries Noun 1. Asian country - any one of the nations occupying the Asian continent Asian nation country, land, state - the territory occupied by a nation; "he returned to the land of his birth"; "he visited several European countries" , Jumpasut believes the recovery this year will show the influence of the turnaround Turnaround A situation where a company that has had poor performance for an extended period of time experiences a positive reversal. Notes: A speculator may profit from a turnaround if he or she accurately anticipates the improvement of a poorly performing company. in the Asian sector where all major countries are expected to post gains.
World rubber consumption
Estimates for 1998 and forecasts for 1999 and 2000 (000 tons)
1998 1999 2000
Canada 386 386 386
U.S.A. 3511 3573 3,630
Brazil 475 450 420
Mexico 281 305 315
Other L. America 377 334 353
Belgium/Luxem. 200 175 184
France 674 700 720
Germany 812 825 840
Italy 423 428 433
Spain 386 394 420
U.K. 320 331 350
Other E.U. 434 457 488
Belarus 50 44 48
Czech Rep. 114 119 128
Poland 145 147 157
Romania 44 54 57
Russian Fed. 364 395 397
Turkey 192 195 205
Ukraine 102 102 108
Other Europe 202 193 210
South Africa 116 119 126
Other Africa 127 128 133
Australia 103 105 109
China 1,839 1,930 2,010
India 735 777 827
Indonesia 173 211 231
Japan 1823 1,846 1,848
Rep. of Korea 574 620 650
Malaysia 413 430 430
Taiwan 354 334 335
Thailand 286 320 330
Other Asia 421 435 464
Grand total (a) 16450 16,870 17,340
(a) Including statistical discrepancies
Synthetic rubber production
Estimates for 1998 and forecasts for 1999 and 2000 (000 tons)
1998 1999 2000
Canada 191 185 190
U.S.A. 2,610 2,550 2,650
Argentina 54 50 53
Brazil 266 325 330
Mexico 156 162 176
Austria 5 5 5
Belgium 145 145 150
Finland 39 40 40
France 606 610 620
Germany 619 640 660
Italy 290 293 293
Netherlands 220 220 235
Spain 86 95 100
Sweden 36 38 40
U.K. 252 265 280
Bulgaria 28 22 25
Czech Rep. 82 84 90
Poland 94 95 102
Romania 22 35 37
Russian Federation 621 670 681
Turkey 49 50 53
F.R. of Yugoslavia 34 30 35
Other Europe 6 6 8
(former CIS states)
South Africa 63 63 66
Australia 38 39 40
China 589 650 690
India 67 69 72
Indonesia 17 35 48
iran 62 65 70
Japan 1,520 1,551 1,521
Rep. of Korea 611 620 620
Taiwan 472 470 470
Thailand 80 100 120
Total world 10,030 10,280 10,570
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