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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. Quotation unit yuan rmb ton. 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. China chinese natural rubber daily market price report. The global production of the natural rubber market is projected to grow at a cagr of 2 4 during the forecast period.
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. Trading unit 5 ton lot. Rubber touched its strongest level for over a year on september. Natural rubber market overview.
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. 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. The market has been buoyed by yoshihide suga being confirmed as japan s first new prime minister in nearly eight years and by the bank of japan offering a slightly more upbeat view on the economy. Within range of 4 above or below the settlement price of the previous trading day.
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. Also the increasing demand for natural rubber in china is augmenting the growth of the market studied. Renton campoy july 18 2020 0. In 2016 the global average price of natural rubber fluctuates at usd1 200.
The increasing crude oil prices in india is the major factor driving the natural rubber market. Chinese natural rubber daily market price report. Renton campoy september 15 2020 0.
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