London - The International Rubber Study Group (IRSG) has published forecasts for the vehicle sector, the tyre sector and rubber consumption in a new report titled "World vehicle, tyre and rubber forecasts."
The IRSG updates its own database, structural model and forecasts in September/October of each year. The current report presents these updated forecasts for the vehicle sector and the tyre sector, preceded by projections for the world economy. The final chapter provides comprehensive coverage of the resulting forecasts for total rubber consumption by country or group of countries.
Forecasts for total rubber consumption in 2020 are 31.3 million tonnes, slightly down from forecasts presented earlier in the year, which stood at 31.5 million tonnes. Forecasts for natural rubber are higher and forecasts for synthetic rubber are lower than projected earlier in the year. Among the influencing factors are higher projected availability of natural rubber and the projected high price of oil. These forecasts for natural rubber and synthetic rubber will be presented in a report to be published in December.
All reports released by the IRSG are available for Member Governments and members of the Panel of Associates. They can be downloaded from the website of the IRSG. Most reports are also available to non-members for £250 (Around €360) each.
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Press release from IRSG