Rubber Products in China

August 16, 2014 : Bharat Book Bureau presents the new report, on " Rubber Products in China”. Rapid expansion in China’s motor vehicle industry, driven by strong demand gains for both automobiles and other vehicle types such as medium and heavy trucks and buses, will contribute to growth in demand for tires and other rubber products.

Demand in China to grow 8.8% per year through 2017

Demand for rubber products in China is projected to grow 8.8 percent per year to 740 billion yuan in 2017. Advances will be supported by healthy growth in manufacturing, especially in the industrial machinery and motor vehicle industries. Rapid expansion in China’s motor vehicle industry, driven by strong demand gains for both automobiles and other vehicle types such as medium and heavy trucks and buses, will contribute to growth in demand for tires and other rubber products.

Exports to remain strong despite some hurdles

Rubber product shipments in China are forecast to increase 8.6 percent annually through 2017 to ¥890 billion, benefiting from sizable expansions in the domestic market as well as rising export demand for Chinese rubber products, especially tires, as the quality of Chinese rubber products continues to become internationally competitive. China will continue to see a significant trade surplus in rubber products for the foreseeable future. Exports of rubber products will grow 7.3 percent per year through 2017, driven by competitive prices and improved product quality. However, the EU’s new tire labeling regulations, which took effect in November 2012, and the continued antidumping duties imposed by the US and Brazil will restrain Chinese tire exports to some extent. Imports of rubber products are expected to grow 6.9 percent annually through 2017. Foreign suppliers will continue to benefit from growing demand in China for higher quality industrial rubber products.

Tires are key rubber product segment

Tires are the largest rubber product segment, benefiting from...