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The global demand for natural rubber is predicted to grow at a cagr of 4 8 percent 2019 2023 and the production is set to touch 17 mmt million metric tons by 2022 from the current level of 12 43 million mt the automobile market is anticipated to increase the demand for natural rubber production in thailand and indonesia.
China natural rubber market. Rubber touched its strongest level for over a year on september. Chinese natural rubber daily market price report. China chinese natural rubber daily market price report. Also the increasing demand for natural rubber in china is augmenting the growth of the market studied.
Within range of 4 above or below the settlement price of the previous trading day. Global natural rubber market size will increase to million us by 2025 from million us in 2017 at a cagr of during the forecast period. Renton campoy july 18 2020 0. In 2018 natural rubber was still in short supply globally with a gap of around 120kt left to fill due to china us trade war damage by plant diseases and insect pests and micro economy factor.
Japanese rubber futures traded at near three week high of 217 yen per kg after rising 5 last week the first weekly gain in three. The increasing crude oil prices in india is the major factor driving the natural rubber market. The inter governmental organisation of 13 rubber producing countries in its latest report said the global demand for nr is likely to fall by 2 9 in q3 of 2020 after it fell 15 in q1 because of. In this study 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for natural rubber.
In 2016 the global average price of natural rubber fluctuates at usd1 200. In 2018 natural rubber was still in short supply globally with a gap of around 120kt left to fill due to china us trade war damage by plant diseases and insect pests and micro economy factor. As of the end of 2015 china s natural rubber price had fallen to around usd1 140 ton which was also the cost price. The global production of the natural rubber market is projected to grow at a cagr of 2 4 during the forecast period.
Natural rubber market overview. Quotation unit yuan rmb ton. Chinese natural rubber daily market price report.
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