Printer Friendly

Rubber consumption increased 5% in 2003.

Despite a slowdown in the beginning of the year, rubber consumption rebounded strongly in the second half of 2003. Preliminary figures from the International Rubber Study Group show consumption rising an estimated 5% to 18.97 million metric tons. The IRSG said that even though the war in Iraq and the SARS epidemic adversely affected consumption in the beginning of the year, all regions posted increases.

World rubber supply increased by 5.3%, with natural rubber output up 6.6% to 7.75 mmt. Synthetic rubber increased at a rate of 4.4% to 11.36 mmt. The SR share of consumption declined slightly to 58.6% the IRSG said.

The group said the bull-run on NR prices in contrast to a steady rise in SR prices was the overriding feature of the international rubber market in 2003. Prices for NR climbed for most of the year, making it one of the best years for producers in recent history.

World rubber consumption is forecast to continue to grow at a rate of around 5% for the next two years. The IRSG said that while growth is expected to continue for four consecutive years, growth rates are not expected to be as high as the 7% expansion achieved in 2000. Demand for NR is expected to remain relatively higher than SR in 2004 and 2005. Projections for NR are 5.6% and 5.4% as compared to the growth rates of 4.3% and 4.7% for SR.

Led by China, growth in Asia/Pacific is expected to be strongest, with the sharpest rise in output to come from the "Other Europe" sector. The IRSG predicts minimal growth in the U.S. to 3.08 mmt for next year.
World rubber consumption ('000 metric tons)

 2002 2002 2002 2003 2003 2003
 NR SR total NR SR total

Canada 155 228 383 162 228 390
U.S.A. 1,111 1,895 3,006 1,150 1,929 3,070
Brazil 241 343 584 253 343 596
Mexico 75 132 207 81 143 224
Other L. America 118 183 301 116 189 305
Belgium/Lux. 49 113 162 56 114 170
France 231 469 700 281 498 779
Germany 247 612 859 261 675 936
Italy 133 262 395 138 260 398
Spain 184 292 476 189 293 482
U.K. 84 162 246 94 164 258
Other E.U. 93 369 462 95 370 465
Belarus 10 34 44 11 35 46
Czech Rep. 42 93 135 44 93 137
Poland 63 120 183 67 122 189
Romania 12 24 35 12 26 38
Russian Fed. 19 497 516 28 521 549
Turkey 95 110 205 105 130 235
Ukraine 8 56 64 8 57 65
Other Europe 62 138 200 64 141 205
South Africa 66 57 123 66 64 130
Other Africa 63 51 114 63 52 115
Australia 26 43 69 26 45 71
China 1,310 1,575 2,885 1,455 1,995 3,450
India 679 192 871 714 205 919
Indonesia 145 96 241 146 105 251
Japan 738 1,088 1,826 786 1,093 1,879
Rep. of Korea 326 385 710 332 372 704
Malaysia 326 112 438 357 108 465
Taiwan 111 284 395 115 291 406
Thailand 278 148 426 245 153 398
Other Asia 242 182 424 252 169 421

Grand total 7,420 10,650 18,070 7,855 11,118 17,960

Source: IRSG
COPYRIGHT 2004 Lippincott & Peto, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Market Focus
Publication:Rubber World
Date:Feb 1, 2004
Words:578
Previous Article:PolyOne reports three units as discontinued operations.
Next Article:Next generation EPDMs for auto, wire and cable.


Related Articles
Rubber consumption sets sixth straight record.
Worldwide use of synthetic rubber to grow by 2%.
Rubber consumption growth rate highest in decades.
Rubber production growth rate slowing.
Rubber industry developments.
IRSG predicts rubber consumption to increase 4.7%.
World carbon black demand to increase 4% annually.
Rubber consumption to grow 4%.
SR production outpacing consumption.
World rubber consumption continues to increase.

Terms of use | Privacy policy | Copyright © 2021 Farlex, Inc. | Feedback | For webmasters |