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China’s rubber demand is expected to rise to 5.9 million tons in 2009

2009-03-23View Original

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According to reports from comprehensive media on March 18, Fan Rende, president of the China Rubber Industry Association, said that the growth rate of rubber demand in China is expected to slow down in 2009 due to increased uncertainty in the automotive industry. Rubber demand is expected to increase by 7.3% to 5.9 million tons in 2009, while China’s rubber consumption grew by 8.9% in 2008. He also said that China’s consumption of natural rubber is expected to increase by 5% in 2009, reaching 2.65 million tons, while demand for synthetic rubber is expected to rise by 9% to 3.25 million tons. China is the world’s largest rubber consumer, with nearly half of its rubber imported from abroad.

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